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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