FxWIrePro: USD/JPY trades well above 124 level, good to buy at dips

• RES 4: 126.88 (161.8% retracement of 124.43 and 120.45)
  
  
• RES 3 : 125.85 (jun 5^th high)
  
  
• RES 2:125
  
  
• RES 1: 124.40 (Jun 24^th high)
  
  

PRICE: 124.34 @11:08 GMT 

• SUP1 : 124 (7 day 4 HEMA)
  
  
• SUP2 :123.60 (Kijun-Sen)
  
  
• SUP 3 : 123.25( 200 day 4 HMA)
  
  
• SUP 4 :122.90 (Jul 14^th low)
  
  

USD/JPY has recovered after making a low of 123.52 yesterday. Intra day  trend is bullish as long as support 123.50.

Any break below 123.50 will drag the pair further down till 123.20/122.90.

Short term bullish invalidation only below 122.90.

On the higher side minor resistance is around 124.20 and break above would extend gains till 124.50/125/125.85.

It is good to buy at dips around 123.80-85 with SL around 123.45  for the TP of 125/125.85.