USD/JPY forms double bottom around 122.45, targets 124.40
USD/JPY drops sharply till 122.47 but stays above 122.45 (Jun 10th low) and any short term weakness only below 122.40 level.
Below 122.40 will target 121.54 (61.8% retracement of 125.84 and 118.88).
On the upside minor resistance is around 123.50 and break above will target 124.15/124.50 level.
It is good to buy at dips around 122.90-95 with SL of 122.40 for the TP of 124.15/124.50.
Below 122.40 will target 121.54 (61.8% retracement of 125.84 and 118.88).
On the upside minor resistance is around 123.50 and break above will target 124.15/124.50 level.
It is good to buy at dips around 122.90-95 with SL of 122.40 for the TP of 124.15/124.50.