FxWirePro
Long

USD/JPY consolidates in narrow range,weakness only below 123.6

FX:USDJPY   U.S. Dollar/Japanese Yen
300 2 4
USD/JPY             is consolidating between 124.22 and 123.90 on Friday session. Intraday trend is bullish as long as minor support 123.60 holds.

Any break below 123.30 will target 122.90/122.40 in short term.

Short term bullish invalidation only below 122.90.

On the higher side minor resistance is around 124.40 and break above target 125/125.85.

Indicators (4 hour chart)

CCI (50) - Buy

Ichimoku- Buy

It is good to buy at dips around 123.95 with SL around 123.60 for the TP of 125
Warden
a year ago
short GBPJPY and long USDJPY?
it means to short GBPUSD?
Reply
FxWirePro Warden
a year ago
S
Reply
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