USD/JPY has broken major trend line resistance around 119.70 (trend line joining 121.22 and 120.51) and this confirms minor trend reversal, a jump till 120.60/121 is possible
On the downside major weakness only below 119.20 and break below targets 118.60.
The pair's minor resistance is around 119.80 and break above targets 120.35/120.50/121.
It is good to buy to buy at dips around 119.60-65 with SL around 119.20 for the TP of 120.30/120.60
Comments
beckogva
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big resistance until 119.9
would be great to break it
target after is around 121
jam909
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and if the data comes bad ?
beckogva
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I like your analysis dude ! Same view ! Happy trade !
would be great to break it
target after is around 121