USD/JPY is trading above 121.80,jump till 123.40 is possible
USD/JPY has broken short term resistance 121.80 and it confirms short term bullishness , a jump till 123.40/124.13 cannot be ruled out.
Intra day weakness can be seen only below 121.50 and any break below will drag the pair further down till 121/120.60.
The major resistance is around 122 and break above would extend gains till 123.30/124.10.
It is good ato buy around 121.80-85 with stop around 121.48 for the target of 123.10
Intra day weakness can be seen only below 121.50 and any break below will drag the pair further down till 121/120.60.
The major resistance is around 122 and break above would extend gains till 123.30/124.10.
It is good ato buy around 121.80-85 with stop around 121.48 for the target of 123.10
