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- RES 4: 121.75 (28th Aug 2015)
- RES 4:121.30 ( SEP 10TH HIGH)
- RES 3: 120.56 (Oct 6th 2015)
- RES 1: 120.00 (200 day 4HMA)
PRICE: 120 @11:54 GMT
- SUP1: 119.55 (20 day 4HMA)
- SUP 2 : 119 (Kijun-Sen)
- SUP 3: 118.50 (Sep 4th 2015)
- SUP 4 : 118
USD/JPY has broken major trend line resistance around 119.70 (trend line joining 121.22 and 120.51) and jumped till 120.07. it is currently trading around 120.
On the downside major weakness only below 119.60 and break below targets 119.20/118.60.
The pair's minor resistance is around 120.30 and break above targets 120.70/121.25
It is good to buy at dips around 119.60-65 with SL around 119.20 for the TP of 120.30/120.60
