- USD/JPY breaks short term trend line resistance 120 (trend line joining 120397 and 120.14) and a slight jump till 120.95 is possible.
- Further trend reversal only above 121.30.
- Any break above 121.30 will take the pair to next target 121.70/122.
- Intraday weakness can be seen only below 119.60 and break below drag the pair further down till 119/118.60.
It is good to buy at dips around 120.-120.10 with SL around 119.60 for the TP of 120.95
The material has been provided by InstaForex Company – www.instaforex.com