USD/JPY trades higher, intraday weakness only below 123.30

USD/JPY has made a high of 123.95 yesterday and trading at 123.81. Intraday trend is bullish as long as minor support 123.30 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 123.70 with SL around 123.30 for the TP of 124.40/125