FxWirePro
Short

USD/JPY is struggling to break above 200 day HMA, targets 121.50

FX:USDJPY   U.S. Dollar/Japanese Yen
265 0 5
USD/JPY             has broken short term trend line support 123.85 and declined till 122. 44             . The major support is around 122.50 and any break below will drag the pair further down till 121.50/120.70.

The minor resistance is around 124.13 and any break above would extend gains till 124.62/125.

Bearish invalidation only above 124.15.

It is good to sell on rallies around 123.50-60 with SL around 124.15 for the TP of 121.50/120.70
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