JPY Trading Outlook (07-08-2015)
USDJPY
Pivot: 124.5
Likely scenario: Long positions above 124.5 with targets @ 125 & 125.25 in extension.
Alternative scenario: Below 124.5 look for further downside with 124.3 & 124.1 as targets.
Comment: The RSI calls for a new upleg.
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