JPY Trading Outlook (09-10-2015)

USDJPY

Pivot: 120.1

Likely scenario: Short positions below 120.1 with targets @ 119.45 & 119.2 in extension.

Alternative scenario: Above 120.1 look for further upside with 120.35 & 120.6 as targets.

Comment: The RSI lacks upward momentum.

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