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FxWirePro: USD/JPY rangebound, awaits fresh incentives

USD/JPY struggles to clear 123.90, as greenback fails to pick-up pace against the Japanese Yen Day's range was 123.56-123.88, with resistance located at 124 levels and support on the downside at 123.56 (Today's Low) Pair…

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  • USD/JPY struggles to clear 123.90, as greenback fails to pick-up pace against the Japanese Yen

  • Day's range was 123.56-123.88, with resistance located at 124 levels and support on the downside at 123.56 (Today's Low) 

  • Pair could target daily cloud top by 123.25, Stochs indicate bearish crossover at oversold levels

  • Markets focus on Greek vote on 2nd reforms package and US home sales tonight
Resistance Levels:

R1: 124.48 (Daily High Jul 21)

R2: 124.57 (76.4% Fibo 125.86-120.41)

R3: 124.63 (Daily High Jun 10)

Support Levels:

S1: 123.41 (Hourly Low Jul 15)

S2: 123.25 (Daily Cloud Top)

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