- USD/JPY has made a high of 124.36 and declined till 123.51 from that level. Short term trend is weak as long as resistance 125 holds.
- On the higher side minor resistance is around 124.60 and any break above will target 125/125.80 in short term.
- Intraday trend reversal only above 124.60.
- The pair’s intraday support is around 123.80 and below it will reach till 123.50/123.25/122.90.
It is good to sell on rallies around 124.10 with SL around 124.65 for the TP of 123.
The material has been provided by InstaForex Company – www.instaforex.com