- RES 4: 121.50
- RES 3: 121
- RES 2: 120.68(200 day HMA)
- RES 1: 120.36 (Cloud top)
PRICE: 119.70 @ 07:02 GMT
- SUP 1: 119.25
- SUP 2: 118.69
- SUP 3: 118
- SUP 4: 116.86
COMMENTARY:
USD/JPY is trading around 119.63 with negative bias for Intraday. It is trading well below 200 day HMA, and tenken-sen.
On the upside major intraday resistance is around 120 and any break above would extend gains till 120.37 (Cloud top)/ 120.88 in short term.
The pair's major support 119.20 and below that level will drag the pair further down till 118.69/118.
