- USD/JPY has made a low of 1220.09 and recovered from that level. Overall trend is bearish as long as short term resistance 123.50 holds.
- Break above that level will target 124/124.40 in short term.
It is good to sell at 123.10-15 with SL around 123.51 for the TP 122.10/121.30
The material has been provided by InstaForex Company – www.instaforex.com