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Short

USD/JPY breaks trend line support , targets 120.50

FX:USDJPY   U.S. Dollar/Japanese Yen
179 0 4
USD/JPY             breaks major support of 122.20 on Friday and declined till 121.80. It 's short term support is around 121.70 ( trend line support) and in asian session today morning it has broken that level and declined till 121.17.
it has broken short term support 121.70 , a decline till 120.50 cannot be ruled out .

Overall trend is still weak as long as resistance 122.45 holds.

Any break above that level will take the pair to next level till 123/123.50 in short term.

It is good to sell on rallies around 121.75-80 with SL around 122.40 for the TP of 120.50
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