USD/JPY consolidates between 123-124.15, good to sell on rallies

• RES 4: 125.84 (Jun 5^th high)
  
  
• RES 4:125
  
  
• RES 3 : 124.60 (Jun 10^th high)
  
  
• RES2: 123.89 (200 day HMA)
  
  

PRICE: 123.80 @ 09:09 GMT 

• SUP 1 : 123.40 (20 day HMA)
  
  
• SUP 2: 123.10 (Jun 14^th low)
  
  
• SUP 1 : 122.70 (May 27^th low)
  
  
• SUP 2: 121.35 (200 day 4 HMA)
  
  

USD/JPY  has recovered after making a low of 123.35 and overall trend is bearish as long as resistance 124.15 holds.

Any break above 124.15 would extend gains till 125/125.84.

It is good to sell around 123.80 with SL around 124.15 for TP 123./122.55.