JPY Trading Outlook (04-08-2015)

USDJPY

Pivot: 123.8

Likely scenario: Long positions above 123.8 with targets @ 124.35 & 124.6 in extension.

Alternative scenario: Below 123.8 look for further downside with 123.5 & 123.3 as targets.

Comment: The RSI is mixed to bullish.

 

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