- RES 4: 126.88 (161.8% retracement of 124.43 and 120.45)
- RES 3 : 125.85 (jun 5th high)
- RES 2:125
- RES 1: 124.36 (Jun 24th high)
PRICE: 124.25@10:11 GMT
- SUP 1: 124 (20 day 4 HMA)
- SUP 2 : 123.60 (Kijun-Sen)
- SUP 2 : 123.35( 200 day 4 HMA)
- SUP 3 :122.90 (Jul 14th low)
USD/JPY is consolidating between 124.22 and 123.90 on Friday session. Intraday trend is bullish as long as minor support 123.60 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 123.60 for the TP of 125


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