USD/JPY is trading well above 122,jump till 124.13 is possible

• RES 4:126.20
  
  
• RES 3 : 125.79 (161.8% retracement of 121.83 and 115.55)
  
  
• RES2: 124.13 (2007 High)
  
  
• RES1:123.41 (138.2% retracement of 122.01 and 118.32)
  
  

PRICE: 122.77 @ 05:46 GMT 

• SUP1: 122.50 (Kijun-Sen)
  
  
• SUP2: 121.60 (Cloud top)
  
  
• SUP3:120.90 (200 day HMA)
  
  
• SUP4: 120.50 (61.8% retracement of 118.90 and 123.31)

USD/JPY has slightly retreated after making high of 123.31. Intraday trend is bullish as long as support 122.70 holds. 

Any break below 122.70 will drag the pair further down till 122.40/122. 

It is good to buy around 123-123.05 with SL 122.70 for TP 124.13.