USD/JPY is consolidating around 121 level,good to buy at dips

FX:USDJPY   U.S. Dollar / Japanese Yen
135 0
USD/JPY has made a high of 121.49 (161.8% retracement of 120.49 and 118.87) and is slightly retreating from that level.

Intraday trend is bullish as long as support 120.70 holds.On the downside any break below 120.70 will drag the pair to next target 120.32/119.90 in short term.

It is good to buy at declines around 121 with stop around 120.69 for the target of 121.48/122.05.
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