- RES 4:121.30 ( SEP 10TH HIGH)
- RES 3: 120.56 (Oct 6th 2015)
- RES 2: 120.00 (200 day HMA)
- RES 1: 119.65 (7 day H EMA)
PRICE: 119.55 @11:23 GMT
- SUP 1: 119.50 (38.2% retracement of 116.07 and 121.72)
- SUP 2: 119.20 (Sep 24th 2015)
- SUP 3: 118.80 (Aug 9th low)
- SUP 4: 118.50 (Sep 4th 2015)
USD/JPY has broken major support 119.50 and declined till 119.41. it is currently trading at 119.47.
Any break below 119.50 will drag the pair down till 119.20/118.60 level.
On the higher side minor resistance is around 119.80 and break above targets 120.05/120.35.
It is good to sell on rallies around 119.80 with SL around 120.05 for the TP of 119.20/118.60
