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Short

USD/JPY breaks short term trend line support, targets 119/118.55

FX:USDJPY   U.S. Dollar/Japanese Yen
264 0 5
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.
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