JPY Trading Outlook (20-10-2015)

USDJPY

Pivot: 119.15

Likely scenario: Long positions above 119.15 with targets @ 119.65 & 119.9 in extension.

Alternative scenario: Below 119.15 look for further downside with 118.9 & 118.6 as targets.

Comment: Technically the RSI is above its neutrality area at 50.

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