JPY Trading Outlook (13-08-2015)
USDJPY
Pivot: 124.7
Likely Scenario: Short positions below 124.7 with targets @ 123.8 & 123.5 in extension.
Alternative scenario: Above 124.7 look for further upside with 125 & 125.3 as targets.
Comment: As long as 124.7 is resistance, expect a return to 123.8.
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