- USD/JPY has declined till 123 yesterday and is currently trading at 123.42.
- Any further bullishness can be seen only above 124.20 level.
- On the lower side minor support are at 123.20 and any break below will drag the pair further down till 122.90/122.40.
- The pair’s resistance is at 124.20 and above that will take the pair to next level at 124.50/125.
Indicators (1 hour chart)CCI (50)- SellIchimloku- buyADX – SellIt is good to sell on rallies around 123.60-65 with SL around 124.20 for the TP of 122.90/122.45
The material has been provided by InstaForex Company – www.instaforex.com