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USD/JPY recovers from low of 121.97, good to sell on rallies

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
FxWirePro  
FX:USDJPY   U.S. Dollar / Japanese Yen
4
2
USD/JPY has made a high of 122.60 in Asian session and is currently trading at 122.47.

Intraday resistance is around 122.61 and any break above would extend gains till 122.94/123.10 in short term.

The major is around 121.97 and further weakness can happen only below that level. Below that level it can reach till 121.25.

It is good to sell on rallies around 122.50-55 with SL around 123 for the TP of 121.60
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