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Short

USD/JPY breaks major support 118.50, targets 116.20

FX:USDJPY   U.S. Dollar/Japanese Yen
347 0 10
USD/JPY             breaks major support 118.60 which confirms major weakness , a decline till 116.20 cannot be ruled out .

On the higher major resistance is around 119.20 and break above targets 119.60/119.80.

Bearish invalidation only above 120.10 level.

It is good to sell on rallies around 118.45-50 with SL around 19.20 for the TP of 117/116.20
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