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- 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
