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- RES 4:121.30 ( SEP 10TH HIGH)
- RES 3: 120.56 (Oct 6th 2015)
- RES 2: 120.00 (200 day HMA)
- RES 1: 119.30 (Trendline resistance)
PRICE: 118.98 @11:21 GMT
- SUP 1: 118.50 (Sep 4th 2015)
- SUP2 : 118
- SUP3 : 117.40 (161.8% retracement of 11860 and 120.48)
- SUP 4: 116.93 (161.8% retracement of 118.60 and 121.30)
USD/JPY has not able to break above trend line resistance 119.30, it confirms intraday weakness , a decline till 118 is possible .
Any break above 119.30 will take the pair till 119.80/120.05.
It is good to sell on rallies around 119.45-50 with SL around 120 for the TP of 118.01
