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USD/JPY- Watch out for 122.80 for further weakness

Thursday, November 19, 2015 11:37 AM UTC

USD/JPY has made a high of 123.75 and declined from that level. It is currently trading around 123.10.
Overall trend is neutral and any break below 122.80 confirms slight weakness, decline till 122 is possible.
On the higher side major resistance is around 123.75 and break above targets 122.50/122.

It is good to sell only below 122.80 with SL around 123.40 for the TP of 122/121.80

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USD/JPY- Watch out for 122.80 for further weakness

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