JPY Trading Outlook (11-09-2015)

USDJPY 

Pivot: 120.4

Likely scenario: Long positions above 120.4 with targets @ 121.3 & 121.75 in extension.

Alternative scenario: Below 120.4 look for further downside with 119.9 & 119.6 as targets.

Comment: The RSI has just landed on its neutrality area at 50% and is turning up.

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