JPY Trading Outlook (15-10-2015)

USDJPY

Pivot: 119.55

Likely scenario: Short positions below 119.55 with targets @ 118.55 & 118.25 in extension.

Alternative scenario: Above 119.55 look for further upside with 119.9 & 120.1 as targets.

Comment: As long as 119.55 is resistance, look for choppy price action with a bearish bias.

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