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- Res 4 :124.50 (61.8% retarcement of 125.84 and 122.47)
- RES 3: 124.15 (Jun 11th high)
- RES 2: 123.65 (61.8 % retracement of 124.43 and 122.47)
- RES 1:123.40 (200 day HMA)
PRICE: 122.83 @ 09:23 GMT
- SUP 1 : 122.40 (Jun 10th low)
- SUP 2: 122 (Jun 28th low)
- SUP 1 : 121.50 (61.8% retracement of 125.84 and 118.87)
- SUP 4: 121
USD/JPY has made a low of 1220.09 and recovered from that level. Overall trend is bearish as long as short term resistance 123.50 holds.
Break above that level will target 124/124.40 in short term.
It is good to sell at 123.10-15 with SL around 123.51 for the TP 122.10/121.30
