- RES 4: 126.84 (2001 High)
- RES 4:126.20
- RES 3 : 125.79 (161.8% retracement of 121.83 and 115.55)
- RES2: 124.13 (2007 High)
PRICE: 123.83 @ 05:20 GMT
- SUP1: 123.75 (20 day HMA)
- SUP2: 123.50 (Kijun-Sen)
- SUP3:123.10 (55 day HMA)
- SUP4: 122.70 (Cloud top)
USD/JPY has broken major resistance 124.13 and this confirms short term bullishness, jump till 125.69 is possible.
Short term weakness only below 123.10. Any break below will drag the pair further down till 122.70/122.40
It is good to buy USD/JPY around 123.80 with SL around 123.10 for the TP of 125.60.
