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Long

USD/JPY takes support near trend line, weakness only below 122.9

FX:USDJPY   U.S. Dollar/Japanese Yen
358 0 10
USD/JPY             has recovered after making a low of 123.17 in Asian session . Overall trend is bullish as long as support 122.90 holds.

On the downside any break below 122.90 will drag the pair further down till 122.40/122 in short term.

The minor resistance on the higher side is at 123.71 and any indicative break above would extend gains till 124.40/125/125.85.

Bullish invalidation only below 122.

It is good to buy at dips around 123.40-45 with SL around 122.90 for the TP of 124.40/125
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