USD/JPY breaks major support 121.80, decline till 120 is possible

• RES 4 :123.70 (Jul 7^th high)
  
  
• RES 3 : 123.03 (61.8% retracement of 125.84 and 121.30)
  
  
• RES 2: 122.56 (7 day W EMA)
  
  
• RES 1: 122
  
  

PRICE: 121.56 @ 11:05 GMT 

• SUP 1: 121.25 (161.8% retracement of 122.47 and 124.36)
  
  
• SUP 2 :121.10 (20 day WMA)
  
  
• SUP 3: 120.60 (61.8% retracement of 115.55 and 125.84)
  
  
• SUP 4: 120

USD/JPY has broken major support 121.80 (Jul 5^th low) and declined till 121.30. Further weakness  till 120.70/120 is possible as long as short term resistance 122.60 holds.

It is good to sell on rallies around 122 with SL around 122.60 for the TP of  120.60/120