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Long

USD/JPY faces major resistance around 119.70,good to buy at dips

FX:USDJPY   U.S. Dollar/Japanese Yen
420 2 9
USD/JPY             has recovered after making a low of 118 on Thursday and is currently trading at 119.54.

The pair is facing major trend line resistance at 119.70 ( trend line joining 121.22 and 120.56) and any break above target 120.30/121.

On the downside minor support is around 119.20 and break below targets 118.60/118.

It is good to buy at dips around 119.45-48 with SL around 119.15 for the TP of 120.30/120.70
How about Buy JPY at 120.21/120.40/120.50, do you think will it be achieved soon?
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