USD/JPY breaks minor support 120, decline till 119.2 is possible
USD/JPY has retreated till 119.69 after Fed maintains status quo. Overall trend is weak as long as resistance 121 holds.
The pair's intraday resistance is around 120.50 and any break above confirms intraday bullishness , a jump till 121 cannot be ruled out.
On the downside major support is around 119.50 and break below targets 119.15/118.80.
It is good to sell on rallies around 120.120.10 with SL around 120.51 for the TP of 119.50/119.15.
The pair's intraday resistance is around 120.50 and any break above confirms intraday bullishness , a jump till 121 cannot be ruled out.
On the downside major support is around 119.50 and break below targets 119.15/118.80.
It is good to sell on rallies around 120.120.10 with SL around 120.51 for the TP of 119.50/119.15.
