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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