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USD/JPY struggles to close above 124,decline till 123 is possibl

FX:USDJPY   U.S. Dollar/Japanese Yen
351 8 9
Candlestick pattern: Doji with next red candle confirming short term weakness.

USD/JPY             has made a high of 124.57 and started retreating from that level. Short term trend is weak as long as resistance 125 holds.

On the higher side minor resistance is around 124.60 and any break above will target 125/125.80 in short term.

Intraday trend reversal only above 124.60.

The pair’s intraday support is around 123.80 and below it will reach till 123.30/122.90.

It is good to sell o n rallies around 124.10 with SL around 124.65 for the TP of 123.
Good idea Mate
i already enterd last night
Thanx for Sharing
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Good all the best
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Thanks for sharing. Any thoughts on my charts? I feel it's potentially going to rally a bit higher than 124.65 and then decline to about 121.20 mark - a potential triangle pattern in the making.
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I too sold yesterday evening based on the multiple pinbars and the doji plus the break of the trendline all on the H1. Now she's rallying a bit but I expect a continuation of the decline laer 2day, especially since it's Friday, perhaps when NY opens. Good chart & nice idea. Good luck all.
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Sorry I deleted the old workings as I knew what was going on but I've roughly added my count -
snapshot
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Short from last night, hunting that 123! Good luck
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SmartTradingFX SmartTradingFX
Replica of my GBPUSD idea lining up on USDJPY?
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