JPY Trading Outlook (07-10-2015)

USDJPY 

Pivot: 120.2

Likely scenario: Short positions below 120.35 with targets @ 119.75 & 119.45 in extension.

Alternative scenario: Above 120.35 look for further upside with 120.6 & 120.9 as targets.

Comment: The RSI advocates for further downside.

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