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2015.05.2807:34:00UTC+00Usd/jpy Trades Above Major Resistance 124.13, Jump Till 125.60 Is Possible

  • USD/JPY has broken major resistance 124.13 and this confirms short term bullishness, jump till 125.69 is possible. 
  • Short term weakness only below 123.10 and any break below will drag the pair further down till 122.70/122.40.
  • On the upside the pair's minor resistance is around 124.30 and nay break above would extend gains till 125/125.60.

It is good to buy USD/JPY around 123.80 with SL around 123.10 for the TP of 125.60.

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