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- 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
