JPY Trading Outlook (14-10-2015)

USDJPY

Pivot: 119.9

Likely scenario: Short positions below 119.9 with targets @ 119.45 & 119.2 in extension.

Alternative scenario: Above 119.9 look for further upside with 120.1 & 120.35 as targets.

Comment: As long as 119.9 is resistance, look for choppy price action with a bearish bias.

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