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Long

USD/JPY struggles to close above 125 level, good to buy at dips

FX:USDJPY   U.S. Dollar / Japanese Yen
251 1 5
USD/JPY             has broken the short term resistance 125 and jumped till 125.27. It is facing resistance around 125.30 ( trend line joining 123.71 and 124.46) and also 161.8% retracement of 124.46 and 123.10.

Any break above 125.30 would extend gains till 125.65/125.84 in short term.

On the downside minor support is around 124.70 and nay break below targets 124.50/124

Bullish invalidation only below 123.95.

It is good to buy at dips around 124.45-50 with SL around 123.95 for the TP of 125.85.

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