USD/JPY consolidates in narrow range,weakness only below 123.6
USD/JPY is consolidating between 124.22 and 123.90 on Friday session. Intraday trend is bullish as long as minor support 123.60 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 123.95 with SL around 123.60 for the TP of 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 123.95 with SL around 123.60 for the TP of 125