JPY Trading Outlook (13-08-2015)

USDJPY

Pivot: 124.65

Likely Scenario: Long positions above 124.65 with targets @ 125.55 & 125.85 in extension.

Alternative scenario: Below 124.65 look for further downside with 124.4 & 124.2 as targets.

Comment: The RSI is well directed.

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