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USD/JPY breaks minor trend line resistance, targets 121

USD/JPY has broken major trend line resistance around 119.70 (trend line joining 121.22 and 120.51) and this confirms minor trend reversal, a jump till 120.60/121 is possible On the downside major weakness only below 119…

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USD/JPY breaks minor trend line resistance, targets 121
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  • USD/JPY has broken major trend line resistance around 119.70 (trend line joining 121.22 and 120.51) and this confirms minor trend reversal, a jump till 120.60/121 is possible

  • On the downside major weakness only below 119.20 and break below targets 118.60.

  • The pair's minor resistance is around 119.80 and break above targets 120.35/120.50/121.

It is good to buy to buy at dips around 119.60-65 with SL around 119.20 for the TP of 120.30/120.60

 

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