- USD/JPY has made a temporary top around 125 and retreated from that level. Overall trend is till bullish as long as short term support 124 holds.
- It has made a low of 124.09 on Friday and has started to recover from that level.
- On the downside major support is around 124 (20 day MA) and any break below will target 123.50/123 in short term.
- Major intraday resistance 125 and intraday support -124.
- Any break of 125 will extend gains till 125.85.
It is good to buy around 124.35-40 with SL around 123.95 for the Tp of 125.84
The material has been provided by InstaForex Company – www.instaforex.com