- RES 4: 121.75 (28th Aug 2015)
- RES 4:121.30 ( SEP 10TH HIGH)
- RES 3: 120.56 (Oct 6th 2015)
- RES 1: 120.10 (Oct 22nd high)
PRICE: 119.78 @11:21 GMT
- SUP1: 119.50 (200 day HMA)
- SUP 2 : 119 (50% retracement of 118.05 and 120.09)
- SUP 3: 118.50 (Sep 4th 2015)
- SUP2 : 118
USD/JPY has broken minor trend line support around 119.80 which confirms short term weakness , a decline till 119.50/119.20/118.90 is possible.
On the higher side minor resistance is around 120.10 and break above targets 120.35/120.60 level.
Short term trend reversal above 120.50.
The pair's minor support is around 119.50 (200 day HMA) below which confirms intraday weakness.
It is good to sell on rallies around 119.80-85 with SL around 120.10 for the TP of 119.20/118.95
