USD/JPY has made a high of 123.95 yesterday and trading at 123.81. Intraday trend is bullish as long as minor support 123.30 holds.
Any break below 123.30 will target 122.90/122.40 in short term.
Short term bullish invalidation only below 122.90.
On the higher side minor resistance is around 124.40 and break above target 125/125.85.
Indicators (4 hour chart)
CCI (50) - Buy
Ichimoku- Buy
It is good to buy at dips around 123.70 with SL around 123.30 for the TP of 124.40/125
Any break below 123.30 will target 122.90/122.40 in short term.
Short term bullish invalidation only below 122.90.
On the higher side minor resistance is around 124.40 and break above target 125/125.85.
Indicators (4 hour chart)
CCI (50) - Buy
Ichimoku- Buy
It is good to buy at dips around 123.70 with SL around 123.30 for the TP of 124.40/125