USD/JPY is struggling break above short term resistance 118. Overall trend is weak as long as short term top 118.85 holds.
The break of short term resistance around 118 will take the pair to 118.85/119.90.
On the downside major support is around 116.80 and break below will target 115.80.
Indicators (1 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell USD/JPY around 117.30-40, SL 118, Targets 116.80/115.90.
The break of short term resistance around 118 will take the pair to 118.85/119.90.
On the downside major support is around 116.80 and break below will target 115.80.
Indicators (1 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell USD/JPY around 117.30-40, SL 118, Targets 116.80/115.90.