JPY Trading Outlook (14-08-2015)

USDJPY

Pivot: 124.7

Our preference: Short positions below 124.7 with targets @ 124.05 & 123.8 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, look for choppy price action with a bearish bias.

 

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