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USD/JPY Analysis 2015.01.12(fxpro)

USD/JPY Intraday: the downside prevails.

Pivot: 119.1

Most Likely Scenario: Short positions below 119.1 with targets @ 118.05 & 117.3 in extension.

Alternative scenario: Above 119.1 look for further upside with 119.65 & 119.95 as targets.

Comment: The pair remains under pressure and is challenging its support.

USD/JPY Chart

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