USD/JPY faces strong support at 122.9,jump till 125 likely

FX:USDJPY   U.S. Dollar / Japanese Yen
345 2 7
USD/JPY             has recovered till 123.52 after making a low of 122.91 yesterday. Overall trend is bullish as long as support 122.90 holds.

On the downside any break below 122.90 will drag the pair further down till 122.40/122 in short term.

The minor resistance on the higher side is at 123.71 and any indicative break above would extend gains till 124.40/125/125.85.

Bullish invalidation only below 122.

It is good to buy at dips around 123.40-45 with SL around 122.90 for the TP of 124.40/125

Great analysis as usual. keep up the good work
Thank you/ Good Job!
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