JPY Trading Outlook (16-09-2015)
USDJPY
Pivot: 119.8
Likely scenario: Long positions above 119.8 with targets @ 120.65 & 120.95 in extension.
Alternative scenario: Below 119.8 look for further downside with 119.35 & 118.85 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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