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Long

USD/JPY faces strong support around 119.95, good to buy at dips

FX:USDJPY   U.S. Dollar/Japanese Yen
327 0 6
USD/JPY             has made a high of 121.32 yesterday and declined till 120.46 . It is currently trading at 120.82 .Overall trend is still bullish as long as support 119.95 holds.

Any break below 119.95 will drag the pair further down till 119.50/118.80 in short term.

The pair's minor support is around 120.20.

On the higher side major resistance is around 121.30 and any break above will take the pair to next target 121.75/122.30.

It is good to buy at dips around 120.60-65 with SL around 119.95 for the TP of 121.70/122.30
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