- RES 4 : 125.85 (jun 5th high)
- RES 3:125
- RES 2: 124.36 (Jun 24th high)
- RES 1 : 123.71 (2nd jul high)
PRICE: 124.01 @ 11:06 GMT
- SUP 1 : 123.40 ( Kijun-Sen)
- SUP 1: 123.19 (20 day 6 HEMA)
- SUP 2 :122.90 (Jul 14th low)
- SUP 3: 122.35 (Cloud top)
USD/JPY has made a high of 123.95 yesterday and trading at 123.81. Intraday trend is bullish as long as minor support 123.30 holds.
Any break below 123.30 will target 122.90/122.40 in short term.
Short term bullish invalidation only below 122.90.
On the higher side minor resistance is around 124.40 and break above target 125/125.85.
Indicators (4 hour chart)
CCI (50) - Buy
Ichimoku- Buy
It is good to buy at dips around 123.95 with SL around 123.69 for the TP of 125


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