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- RES 4:121.30 ( SEP 10TH HIGH)
- RES 3: 120.56 (Oct 6th 2015)
- RES 2: 120.05 (200 day HMA)
- RES 1: 119.80 (7 day H EMA)
PRICE: 119.77 @11:24 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 facing strong support around 119.60 and any weakness can be seen only below that level.
Any break below 119.60 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 buy around 119.65-70 with SL around 119.49 for the TP of 120.05/120.30
