USD/JPY, catch me if you can!
USD/JPY opened the week with -50 pips gap at 122.33 and that was the low of the day at my platform, from where the pair start to rise, broke strong resistance at 122.80/123.00 easy and it didn’t stop until 123.49, the high of the day for now, where the pair has found a resistance in the last 6 hours. Support on the way down is 123.30, so the pair is moving in the 20 pips range. Break bellow this level could lead the pair down to 123.00, on the way up, next resistance is placed at 123.75, the previous resistance fron July 02., stronger at 124.00 > 124.30/50. The pair is exremely bullish for three days in a row!