• USD/JPY recovered from three week low on Tuesday as concerns over tensions in the Middle East partially offset investors optimism for U.S. interest rate cuts.
• Investors are on edge amid geopolitical risks, with Israel and Lebanon's Hezbollah exchanging fire on Sunday.
• The dollar recovered as much as 0.11% to 144.66 yen recovering from weakest intraday level since Aug 5th.
• Technical signals are bearish as RSI is heading down at 33, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 145.43 (50%fib), any close above will push the pair towards 146.65 (Daily high).
• Support is seen at 143.50 (38.2%fib) and break below could take the pair towards 142.39 (Lower BB)
Recommendation: Good to sell around 144.70, with stop loss of 145.50 and target price of 144.00
