USD/JPY faces strong support around 120.50, good to buy at dips

FX:USDJPY   U.S. Dollar / Japanese Yen
418 2 8
USD/JPY             has retreated till 120.78 today at the time of writing after making a high of 121.50. Short term trend is bullish as long as support 120.68 holds.

On the higher side minor resistance is around 121.50 and break above targets 122/123.10.

The pair’s minor support is around 120.50 and break below will drag the pair till 120.10/119.60.

Overall trend reversal only below 119.95.

It is good to buy at dips around 121-121.05 with SL around 120.50 for the TP of 122/123.
I am selling here. I think that the market is tired and the USDJPY will follow downwards. Just my opinion.
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