JPY Trading Outlook (18-08-2015)
USDJPY
Pivot: 124.6
Likely scenario: Short positions below 124.6 with targets @ 124.2 & 124 in extension.
Alternative scenario: Above 124.6 look for further upside with 125 & 125.3 as targets.
Comment: As long as the resistance at 124.6 is not surpassed, the risk of the break below 124.2 remains high.
Back to JPY Trading Outlook Archive