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FxWirePro- Major Pair levels and bias summary 
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- USD/JPY has recovered after making a low of 119.21 and is currently trading at 119.96. The pair's major intraday resistance is around 120.60 (Support turned into resistance and also 200 day HMA).
- It has formed double bottom around 119.20 and any further weakness only below 119.20.
- Yen rallied against all major currencies due to sell off in global equities.
- Any break above 120.60 will take the pair further up till 121/121.40 in short term.
- The minor support is around 119.80 and break below extend losses till 119.20/118.25.
- Bearish invalidation only above 121.75.
It is good to buy at dips around 120.-120.05 with SL around 119.20 for the TP of 121/121.70
