USD/JPY forms double bottom around 123.75,targets 125.60
USD/JPY has formed a double bottom around 123.75 and recovered from that level. Overall trend is bullish as long as support 123.50 holds.
On the downside any break below will drag the pair further down till 123.10/122.70.
The pair’s is facing resistance around 124.70 and break above would extend gains till 125.05/125.60.
It is good to buy at declines around 124.30 with SL around 123.50 for the TP of 125.05/125.60
On the downside any break below will drag the pair further down till 123.10/122.70.
The pair’s is facing resistance around 124.70 and break above would extend gains till 125.05/125.60.
It is good to buy at declines around 124.30 with SL around 123.50 for the TP of 125.05/125.60