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Long

USD/JPY-Buy only above breakout

FX:USDJPY   U.S. Dollar/Japanese Yen
347 2 7
USD/JPY             faces strong trend line resistance around 121.50 ( trend line joining 121.22 and 121.48) and any break above confirms further bullishness, jump till 122.40 is possible.

On the downside minor support is around 120.98 and break below will drag the pair till 120.50/120.30/119.95 in short term.

Further weakness can be seen only below 119.60.

It is good to buy only above 121.50 with SL around 120.98 for the TP of 122.40/123.10
Nice set up.
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So I did a stage buy, going in at 120.75, 120.91 and 121.18. My plan is exactly on the above, sitting until the 122.25. once the 121.25 mark has been reached my SL will be set at 121.00. Thoughts?
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