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
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
