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- RES 4:121.30 ( SEP 10TH HIGH)
- RES 3: 120.75 (61.8% retracement of 121.75 and 119.21)
- RES 2: 120.40 (20 day 4 HMA)
- RES 1: 120 ( 7 day 4 H EMA)
PRICE: 119.69 @11:13 GMT
- SUP 1: 119.50 (38.2% retracement of 116.07 and 121.72)
- SUP 2: 118.80 (Aug 9th low)
- SUP3 : 118.60 (Sep 9th low)
- SUP 4: 118.20 (61.8% retracement of 116.07 and 121.72)
USD/JPY has broken minor support around 120 (trend line joining 119.96 and 120.35) and a short decline till 118.80 is possible.
On the higher side intraday resistance is around 120.10 and break above will take the pair till 120.65/121.30.
Short term trend reversal only above 121.30.
The pair's minor support is around 119.50 and break below targets 118.80/118.25
It is good to sell on rallies around 120.10-20 with SL around 120.75 for the TP of 119.55/118.80
