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FxWirePro- Woodies pivot (Major) 
- RES4 122.01 (Mar 10th High)
- RES 2 :121.18
- RES 2 120.80 (13th Apr high)
- RES1:120.50 (May 5th high)
PRICE: 120.18 @ 05:02GMT
- SUP1: 119.75 (200 day HMA)
- SUP 2: 119.19 (May 6th low)
- SUP 3 118.48 (Previous week low)
- SUP 4 -116.85 (Feb 3rd low)
COMMENTARY:
USD/JPY has slightly recovered from low of 119.60 and is currently trading at 120.17. The major resistance is around 120.50 and any further bullishness can be seen only above that level.
Intraday trend reversal level below 119.50.
Short term bullish invalidation level-118.50. Any break below 118.16 will drag the pair further down till 116.85/115.90 in short term.
Indicator (1 Hours chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy
It is good to buy around 119.75-80 for the target of 120.49 with stop around 119.49
