JPY Trading Outlook (21-10-2015)

USDJPY

Pivot: 119.55

Likely scenario: Long positions above 119.55 with targets @ 120.15 & 120.35 in extension.

Alternative scenario: Below 119.55 look for further downside with 119.2 & 118.9 as targets.

Comment: The pair has broken above a bullish triangle pattern and remains on the upside.

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