JPY Trading Outlook (05-10-2015)

USDJPY 

Pivot: 119.45

Likely scenario: Long positions above 119.45 with targets @ 120.35 & 120.65 in extension.

Alternative scenario: Below 119.45 look for further downside with 119.2 & 118.8 as targets.

Comment: The RSI is mixed to bullish.

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