Description
⋅ USD/JPY has broken minor trend line support 119.10 (trend line joining 118.60 and 118.79) and a decline till 118.25 cannot be ruled out.
On the higher major intraday resistance is around 119.60 and any break above targets 120.20/121.
The pair’s minor support is around 118.80 and break below targets 118.40/118.25.
It is good to sell on rallies around 119.10-15 with SL around 119.60 for the TP of 118.45/118.25.