USD/JPY faces support near 122.7, pullback till 123.75 possible

FX:USDJPY   U.S. Dollar / Japanese Yen
273 1 4
The pair has made low of 123.32 and closed at 123.35 yesterday. It has broken major support in Asian session as Asian markets extend their free fall for the second straight session. The demand for safe haven assets like gold             , yen, long-end treasuries.

USD/JPY             is trading near major trend line support 122.70 ( trend line joining 105.18 and 120.45) and any break below will drag the pair further down till 122.20/121.95.

On the higher side major intraday resistance is around 123.40 and any break above would extend gains till 123.75/124/124.20.

It is good to buy at dips around 122.80-85 with SL around 122.20 for the TP of 123.75/124.15

UsdJpy having traded til 121.80 and broken the support, what your suggestion of on a reversal.? Do u foresee more lows
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out