JPY Trading Outlook (21-08-2015)
USDJPY
Pivot: 123.65
Likely scenarios: Short positions below 123.65 with targets @ 122.75 & 122.35 in extension.
Alternative scenario: Above 123.65 look for further upside with 124 & 124.2 as targets.
Comment: The RSI has broken down its 30 level.
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