Usdjpy is moving up from 200 ema at h4 time frame. This can be good bullish sign for this pair. This pair can continue its bullish rally above this support. Now it has another support at h4 time at 123.30 level with 100 ema. So both ema will force this pair to move up. Now this pair needs to break resistance level at 124.40 area. After breaking this level, this pair can move more up. So we need little retrace and then we can take buy entry.
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Weekly Pivot, Support and Resistance
Resistance Two (R2): 125.43
Resistance One (R1): 124.65
Pivot Point: 123.6
Support One (S1): 122.82
Support Two (S2): 121.77
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