- USD/JPY has broken major trend line support around 119.60 (trend line joining 118.43 and 119.21) and break below confirms short term weakness , decline till 119.20/118.45 in short term.
- On the higher side minor resistance is around 120.20 and break above would extend gains till 120.70/121 in short term.
- Short term bullishness only above 120.75.
It is good to sell on rallies around 119.65-70 with SL around 120.20 for the TP of 119/118.55.
The material has been provided by InstaForex Company – www.instaforex.com