JPY Trading Outlook (04-09-2015)

USDJPY

Pivot: 120.2

Likely scenario: Short positions below 120.2 with targets @ 118.85 & 118.4 in extension.

Alternative scenario: Above 120.2 look for further upside with 120.65 & 121.05 as targets.

Comment: The RSI is bearish and calls for further downside.

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