USD/JPY is trading around 119.63 with negative bias for Intraday. It is trading well below 200 day HMA , and tenken-sen.
On the upside major intraday resistance is around 120 and any break above would extend gains till 120.37 (Cloud top)/ 120.88 in short term.
The pair’s major support 119.20 and below that level will drag the pair further down till 118.69/118.
Indicators (1 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
CCI (14) - Neutral
Recommendation: Sell USD/JPY around 119.95 SL 120.35, Target 119.20.
On the upside major intraday resistance is around 120 and any break above would extend gains till 120.37 (Cloud top)/ 120.88 in short term.
The pair’s major support 119.20 and below that level will drag the pair further down till 118.69/118.
Indicators (1 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
CCI (14) - Neutral
Recommendation: Sell USD/JPY around 119.95 SL 120.35, Target 119.20.