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- RES 4: 124.15 (Jun 11th high)
- RES 4:123.50 (200 day HMA)
- RES 3 : 123.32 (Jun 10th high)
- RES1: 123.05 (7 day H EMA)
PRICE: 123.10 @ 09:30 GMT
- SUP 1 : 122.40 (Jun 10th low)
- SUP 2: 122
- SUP 1 : 121.25 (61.8% retracement of 125.84 and 118.87)
- SUP 2: 120.80
USD/JPY drops sharply till 122.47 but stays above 122.45 (Jun 10th low) and any short term weakness only below 122.40 level.
Below 122.40 will target 121.54 (61.8% retracement of 125.84 and 118.88).
On the upside minor resistance is around 123.50 and break above will target 124.15/124.50 level.
It is good to buy at dips around 122.90-95 with SL of 122.40 for the TP of 124.15/124.50.
