FxWirePro: Sell on rallies around 120.40-45 with SL around 120.80 for the TP of 119.80/119.40

• USD/JPY is consolidating between 119.60 and 120.65 for the past two trading session on account of FOMC meeting which is to held on Sep 17th 2015. 
  
  
• Any further movement can happen above or below this level. On the lower side any break below confirms short term weakness a decline till 118.80/118.20 cannot be ruled out.
  
  
• The pair's minor intraday resistance is around 120.65 and break above would extend gains till 121.30/121.70.

It is good to sell on rallies around 120.40-45 with SL around 120.80 for the TP of 119.80/119.40