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Long

USD/JPY trades above major resistance 124.13,targets 125

FX:USDJPY   U.S. Dollar/Japanese Yen
233 0 7
USD/JPY             has broken major resistance 124.13 and made a high till 124. 44             . Intraday trend is bullish as long as support 123.50 holds.

Short term weakness only below 123.50 and any break below will drag the pair further down till 123.10/122.70.

On the upside the pair’s minor resistance is around 124.30 and nay break above would extend gains till 125/125.60.

It is good to buy USD/JPY             around 123.90 with SL around 123.48 for the TP of 125/125.55.
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