USD/JPY trades well above 124, intraday weakness only below 123.70

• RES 4 : 125.85 (jun 5^th high)
  
  
• RES 3:125
  
  
• RES 2: 124.36 (Jun 24^th high)
  
  
• RES 1 : 123.71 (2^nd 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 14^th 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