JPY Trading Outlook (19-08-2015)
USDJPY
Pivot: 124.6
Likely scenario: Short positions below 124.6 with targets @ 124.15 & 124 in extension.
Alternative scenario: Above 124.6 look for further upside with 125 & 125.3 as targets.
Comment: As long as 124.6 is resistance, look for choppy price action with a bearish bias.
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