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Long

USD/JPY faces short term support at 119.60,good to buy at dips

FX:USDJPY   U.S. Dollar/Japanese Yen
324 0 8
USD/JPY             has recovered till 120.32 after making a low of 119.27 on Tuesday. Short term trend is till bullish as long as support 119.60 holds.

Any break below 119.60 will drag the pair further down till 119.20/118.80. The pair's minor support is around 119.50.

The minor resistance is around 120.10 and any indicative break above will take the pair till 120.75/121.25 in short term.

It is good to buy at dips around 120.-120.05 with SL around 119.60 for the TP of 120.74/121.25
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