FxWirePro
Short

USD/JPY struggles to close above 200 day HMA, targets 121.60

FX:USDJPY   U.S. Dollar/Japanese Yen
339 0 5
USD/JPY             drops sharply till 122.47 and recovered till 123.20. Intraday trend is weak as long as 123.30 (200 day HMA) is intact

On the downside break below 122.40 will target 121.54 (61.8% retracement of 125.84 and 118.88).

The pair’s minor resistance is around 123.30 and break above will target 123.80/124.15 level.

Bearish invalidation only above 124.50

It is good to sell on rallies around 122.85-90 with SL of 123.35 for the TP of 122.40/121.60.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out