USD/JPY struggles to close above 120, good to buy at dips
USD/JPY has made a high of 120.26 yesterday and declined till 119.49 from that level. Sort term trend is till bullish as long as support 119.20 holds.
Any break below 119.20 will drag the pair further down till 118.80/118.60. The pair's minor support is around 119.50.
The minor resistance is around 120.10 and any indicative break above will take the pair till 120.75/121.25 in short term.
It is good to buy at dips around 119.70 with SL around 119.20 for the TP of 120.74/121.25
Any break below 119.20 will drag the pair further down till 118.80/118.60. The pair's minor support is around 119.50.
The minor resistance is around 120.10 and any indicative break above will take the pair till 120.75/121.25 in short term.
It is good to buy at dips around 119.70 with SL around 119.20 for the TP of 120.74/121.25