USD/JPY has broken major support 119 and confirms short term weakness a decline till 118 cannot be ruled out.
On the upside minor resistance is around 119.40 (20 day HMA) and any break above would extend gains till 119.70/120.
Intraday bearish invalidation can happen only above 120 level.
Indicators (1 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
CCI (14) - Sell
Recommendation: Sell USD/JPY around 119.20 SL 119.70, Target 118.10.
On the upside minor resistance is around 119.40 (20 day HMA) and any break above would extend gains till 119.70/120.
Intraday bearish invalidation can happen only above 120 level.
Indicators (1 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
CCI (14) - Sell
Recommendation: Sell USD/JPY around 119.20 SL 119.70, Target 118.10.