JPY Trading Outlook (06-08-2015)
USDJPY
Pivot: 124.1
Likely scenario: Long positions above 124.1 with targets @ 124.6 & 124.75 in extension.
Alternative scenario: Below 124.1 look for further downside with 123.8 & 123.5 as targets.
Comment: The RSI is mixed to bullish.
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