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- RES 4: 121.50
- RES 3: 120
- RES 2: 119.70)
- RES 1: 119.40 (20 day )
PRICE: 118.78 @ 6:44 GMT
- SUP 1: 119.25
- SUP 2: 118.69
- SUP 3: 118
- SUP 4: 116.86
COMMENTARY:
USD/JPY has broken major support 119 and confirms short term weakness a decline till 118 cannot be ruled out.
On the upside minor resistance is around 119.40 (20 day HMA) and any break above would extend gains till 119.70/120.
Intraday bearish invalidation can happen only above 120 level.
