JPY Trading Outlook (24-09-2015)
USDJPY
Pivot: 119.6
Likely scenario: Long positions above 119.6 with targets @ 120.55 & 121 in extension.
Alternative scenario: Below 119.6 look for further downside with 119.35 & 119 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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