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Long

USD/JPY is trading above 121.80,jump till 123.40 is possible

FX:USDJPY   U.S. Dollar / Japanese Yen
298 1 11
USD/JPY             has broken short term resistance 121.80 and it confirms short term bullishness , a jump till 123.40/124.13 cannot be ruled out.

Intra day weakness can be seen only below 121.50 and any break below will drag the pair further down till 121/120.60.

The major resistance is around 122 and break above would extend gains till 123.30/124.10.

It is good ato             buy around 121.80-85 with stop around 121.48 for the target of 123.10
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