- USD/JPY has once again taken support around 118.20 and recovered from that level. So bullish invalidation can happen only below 118.20.
- The pair's minor support is around 118.80 (ichimoku cloud bottom) and break below 118.80 will target 118.20/116.80.
- The pairs minor resistance is around 119.40 and break of will extend gain till 120/120.49.
Indicators (1 hour chart) |
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CCI (50) - Sell | CCI (14) - Sell | Ichimoku- Sell Recommendation: Buy USD/JPY around 118.70, SL 118.20, Targets 119.40/120.50. |
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