FxWirePro: USD/JPY faces strong resistance around 121.30, good to buy at dips

• RES 4: 122.30
  
  
• RES 3: 121.75 (28^th aug high)
  
  
• RES 2:121.30 ( SEP 10^TH HIGH)
  
  
• RES 1: 120.30 (200 day 4 H EMA)
  
  

PRICE: 120.32 @12:04 GMT 

• SUP 1: 119.50 (38.2% retracement of 116.07 and 121.72)
  
  
• SUP 2: 119.20 (Sep 24^th 2015)
  
  
• SUP 3: 118.80 (Aug 9^th low)
  
  
• SUP 4: 118.50 (Sep 4^th 2015)

USD/JPY has broken minor resistance 120 and made a high of 120.55. It is currently trading at 120.45 trend is till bullish as long as support 119.60 holds.

Overall bullish invalidation only below 118.60

Any break below 119.60 will drag the pair further down till 119.20/118.60. The pair's minor support is around 119.95. 

The minor resistance is around 120.60 and any indicative break above will take the pair till 121.25 in short term. 

It is good to buy at dips around 120-120.10 with SL around 119.60 for the TP of 120.74/121.25