USD/JPY trades above 124, targets 125
USD/JPY has recovered after making a low of 123.52 yesterday. Intra day trend is bullish as long as support 123.50.
Any break below 123.50 will drag the pair further down till 123.20/122.90.
Short term bullish invalidation only below 122.90.
On the higher side minor resistance is around 124.20 and break above would extend gains till 124.50/125/125.85.
It is good to buy at dips around 123.80-85 with SL around 123.45 for the TP of 125.
Any break below 123.50 will drag the pair further down till 123.20/122.90.
Short term bullish invalidation only below 122.90.
On the higher side minor resistance is around 124.20 and break above would extend gains till 124.50/125/125.85.
It is good to buy at dips around 123.80-85 with SL around 123.45 for the TP of 125.