FxWirePro
Long

USD/JPY takes support near trend line, weakness only below 122.9

FX:USDJPY   U.S. Dollar/Japanese Yen
358 0 10
USD/JPY             has recovered after making a low of 123.17 in Asian session . Overall trend is bullish as long as support 122.90 holds.

On the downside any break below 122.90 will drag the pair further down till 122.40/122 in short term.

The minor resistance on the higher side is at 123.71 and any indicative break above would extend gains till 124.40/125/125.85.

Bullish invalidation only below 122.

It is good to buy at dips around 123.40-45 with SL around 122.90 for the TP of 124.40/125
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out