USD/JPY breaks major resistance 121.20, targets 122

FX:USDJPY   U.S. Dollar / Japanese Yen
440 0 6
USD/JPY             faces major resistance around 121.20 (200 day 4HMA) and any break above will take the pair to next target till 121.75/122.

Intraday weakness only below 120.75. Any break below 120.75 will drag the pair further down till 120.35/120.15.

It is good to buy at dips around 121.10-15 with SL around 120.70 for the TP of 121.74/122
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