Technicals

Add as a preferred source on Google

FxWirePro: Buy USD/JPY at dips around 120.-120.05 with SL around 119.60 for the TP of 120.74/121.25

USD/JPY has recovered till 120.32 after making a low of 119.27 on Tuesday. Short term trend is till bullish as long as support 119.60 holds. Any break below 119.60 will drag the pair further down till 119.20/118.80. The …

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • USD/JPY has recovered till 120.32 after making a low of 119.27 on Tuesday. Short term trend is till bullish as long as support 119.60 holds.

  • Any break below 119.60 will drag the pair further down till 119.20/118.80. The pair's minor support is around 119.50.

  • The minor resistance is around 120.10 and any indicative break above will take the pair till 120.75/121.25 in short term.

It is good to buy at dips around 120.-120.05 with SL around 119.60 for the TP of 120.74/121.25

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560