FxWirePro
Long

USD/JPY breaks major resistance 120, targets 121.60

FX:USDJPY   U.S. Dollar / Japanese Yen
267 0 4
USD/JPY             has recovered after making a low of 116.07. It has taken support near 115.85 (Jan 16th 2015) and any further weakness only below 115.85.

The pair is currently trading at 119.89 with a high of 120.07 and low of 118.28

On the down side short term support is at 118 and break below target 117/115.85.The pair's minor support is at 119.20.

The short term resistance is around 120.30 and break above targets 121/121.65.

It is good to buy at dips around 119.90-95 with SL around 119.20 for the TP of 121/121.60
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