USD/JPY has recovered after making low of 118.02 and overall trend is bearish as long as resistance 119.60 (34 4HEMA) holds. On the upside break above 119.60 will target 120.10/120.75 in short term. The pair’s minor support is around 118.75 and any indicative break below would extend loss to 118/117.25.
Indicators (4 hours Chart) CCI (50)- Sell CCI (14)- Sell Ichimoku- Neutral
Recommendation: Sell USD/JPY around 119-119.10, SL 119.61,Target 118.05.