FxWirePro
Long

USD/JPY long term outlook- Buy Setup

FX:USDJPY   U.S. Dollar/Japanese Yen
289 0 6
USD/JPY             has once agin taken support near 119.50 (200 day HMA) and recovered till 120.20 from that level. So overall trend is still bullish a jump till 121.20/122 cannot be ruled out .

On the downside major weakness can be seen only below 119.50 break below targets 119.20/118.60.

The pair's major resistance is around 120.35 and break above targets 120.75/121.20/122 ins hort term .

it is good to buy on dips around 120.10-15 with SL around 119.45 for the TP of 121.20/122
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