- RES 4: 122
- RES 3: 121.75 (28th Aug 2015)
- RES 2:121.30 ( SEP 10TH HIGH)
- RES 1: 120.56 (Oct 6th 2015)
PRICE: 120.60 @11:50 GMT
- SUP 1: 120 (20 day 4 HMA)
- SUP 2: 119.50 (200 day HMA)
- SUP 3 : 119 (50% retracement of 118.05 and 120.09)
- SUP 4: 118.50 (Sep 4th 2015)
USD/JPY has broken minor resistance at 120.35 and jumped till 121. It is currently trading around 120.48.
On the higher side major resistance is around 121.30 and break above targets 122 level.
The pair's minor support is around 120 break below targets 119.50/119.
It is good to buy at dips around 120.25-30 with SL around 119.50 for the TP of 121.20/122.
