- RES 4 : 122.35
- RES 3: 121.75 (61.8% retracement of 125.27 and 116.07)
- RES 2: 121 (20 day 4 hma)
- RES 1 : 120.50 (7 day 4 HEMA)
PRICE: 120.05 @11:24 GMT
- SUP 1:119.56 (38.2% retracement of 116.07 and 121.72)
- SUP 2 :118.40 (25th Aug low)
- SUP 3: 118
- SUP 4: 116.07 (Aug 24th 2015)
USD/JPY broken short term support 120 and declined till 119.59. It is currently trading at 120.07. Overall trend is weak as long as resistance 121 holds.
On the downside any break below 119.59 confirms further weakness , a decline till 118.80/118.25 cannot be ruled out .
The pair's minor resistance is around 120.50 and any break above targets 121/121.75.
It is good to sell on rallies around 120.50 with SL around 121 for the TP of 119.59/118.80


GBPJPY at Resistance: Sell Rallies Near 215.18 as Downtrend Beckons
FxWirePro: USD/ZAR downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
EURJPY Plunges Below 184 Amidst Yen Strength: Bearish Outlook Persists
GBPJPY Weakens Amid Yen Strength: Sell on Rallies Recommended
FxWirePro: NZD/USD advances as weak U.S. payrolls pressure greenback
FxWirePro: USD/CAD consolidating around 1.4200 room for further gains
FxWirePro: USD/CNY extends drop, faces 23.6%fib support
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/USD edges higher but rally stalls below post-NFP peak
NZDJPY Poised for Downtrend as Resistance Holds Firm
FxWirePro USD/JPY dips as Yen gains after Japan reaffirms FX intervention readiness
FxWirePro- Major Crypto levels and bias summary
AUDJPY Faces Headwinds: Selling on Rallies Advised as Bearish Trend Emerges 



