Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Sell USD/JPY on rallies around 120.45-50b with SL around 121 for the TP of 119.60

USD/JPY breaks short term support 120.50 which confirms short term weakness, a decline till 119.56 cannot be ruled out .

  • Intraday major resistance is around 121. Any slight bullishness can be seen only above 121 level.
  • Overall bearish invalidation only above 121.75.

It is good to sell on rallies around 120.45-50 with SL around 121 for the TP of 119.60.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.