- USD/JPY has broken major resistance 124.13 and this confirms short term bullishness, jump till 125.69 is possible.
- Short term weakness only below 123.10 and any break below will drag the pair further down till 122.70/122.40.
- On the upside the pair’s minor resistance is around 124.30 and nay break above would extend gains till 125/125.60.
It is good to buy USD/JPY around 123.80 with SL around 123.10 for the TP of 125.60.
The material has been provided by InstaForex Company – www.instaforex.com