USD/JPY is trading at 13 year high,decline till 124.5 is possibl
USD/JPY has broken major resistance and 125.04 and made a high of 125.84. It is currently trading at 125.44. It is overbought zone and is expected to show a decline till 124.50.
On the downside any break below would drag the pair further down till 123.50/123.10.
The pair reached high of 1258.84 (161.8% retracement of 125.04 and 123.74) and break above would extend gains till 126.50/127.
It is good to sell around 125.45-50 with SL around 125.90 for the TP of 124.60
On the downside any break below would drag the pair further down till 123.50/123.10.
The pair reached high of 1258.84 (161.8% retracement of 125.04 and 123.74) and break above would extend gains till 126.50/127.
It is good to sell around 125.45-50 with SL around 125.90 for the TP of 124.60