USD/JPY up 18 pips to 123.36

The range today is a quieter 123.18 to 123.49 after a 105 pip swing yesterday.

Bids:

  • 123.18 - Asian low
  • 122.86 - 100-hour MA
  • 122.50 - bids
  • 122.27 - trendline support

Offers:

  • 123.50 up to 123.60 - strong offers
  • 123.75-80
  • 124.00 - barrier
  • 124.16 - Aug 20 high
  • 124.30
  • 124.47/50 - Aug 19 high
  • 124.75
  • 125.00