Today the USDJPY market is challenging for new highs. A close over 123.30 is bullish for a move to 124.30. A continued reluctance to post a close over 123.30 cautions for reactionary setbacks and flagging congestion days today. However, a close back through 1.2211 is needed to flip the short term trend back down.

Resistance 2      1.2328
Resistance 1      1.2300
 
Support 1           1.2254
Support 2           1.2210