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- USD/JPY has made a low of 118.68 on Friday and recovered from that level. It is currently trading at 119.99 trend is till bullish as long as support 119.20 holds.
- Overall bullish invalidation only below 118.60
- Any break below 119.20 will drag the pair further down till 118.80/118.60. The pair's minor support is around 119.50.
- The minor resistance is around 120.40 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 119.90-95 with SL around 119.20 for the TP of 120.74/121.25
