Chart Pattern: Cup and handle
- USD/JPY has broken handle high of 124.50 and jumped till 125. Intraday trend is bullish as long as handle 124.50 holds.
- Any break below 124.40 will drag the pair further down till 123.78/123.50 in short term.
- On the higher side any break above 125 will target 125.85 in short term.
It is good to buy at dips around 124.80-85 with SL around 124.45 for the TP of 125.85.
The material has been provided by InstaForex Company – www.instaforex.com