USD/JPY has retreated till 119.32 after making high of 120.23. Intraday trend is bullish as long as support 119 (50% retracement of 117.84 and 120.23). The pair’s minor support is around 119.60 and any break of will target 119.30/119.The USD/JPY is facing resistance around 120.15 and any break would extend gain till 120.79 (161.8% retracement of 119.32 to 120.23). Indicators Ichimoku (9, 26, 52, 26) - Buy MACD (12.26.9) – Buy
Recommendation: Buy USD/JPY around 119.65-70, SL 119, Target 120.23/120.79.