USD/JPY is trading near major support 115.50 and any break below will take the pair to 113.84/111.50 (61.8% retracement of 105.18 and 121.83).
The pair's major resistance is around 117.25 and indicative break above would extend gain to 117.95/118.40.
Indicators(1 Hour chart)
CCI(50)- Sell
CCI(14)- Sell
Ichimoku-Sell
Recommendation: Sell USD/JPY around 116.55-65,SL 117.26,Target 115.55/113.86
The pair's major resistance is around 117.25 and indicative break above would extend gain to 117.95/118.40.
Indicators(1 Hour chart)
CCI(50)- Sell
CCI(14)- Sell
Ichimoku-Sell
Recommendation: Sell USD/JPY around 116.55-65,SL 117.26,Target 115.55/113.86