USD/JPY has recovered from the low of 120.45 and jumped till 122.86. It's major resistance is around 122.90 (20 day MA) and break above confirms further bullishness till 123.70/124.40.
On the downside minor support is around 122.30 and break below will target 121.60/121.30 level.
Overall trend reversal only below 120.30.
It is good to buy at dips around 122.40-50 with SL around 121.60 for the TP of 123.40/124.35.
Komen
Harindu_5
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Great work...Thankzz
eb0b1852b8a04587a2caaf3b2b02a1
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Good job. Thank you
crackit
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Thanks.
yujingr
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124.07 might a better target, my opinion.
crackit
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Hi, Could you explain to a newbie please, what is the morning star pattern?