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USD/JPY faces minor support at 119.75, break below targets 119.20

Pattern formed - Descending triangle

  • USD/JPY is facing minor support at 119.75 and any break below will drag the pair further down till 119.20/118.60 in short term.

  • Intraday bullishness can be seen only above 120.25 and break above 120.60/121.30.

  • Overall bullishness can be seen only above 121.30

It is good to sell only below 119.75 with SL around 120.25 for the TP of 119.21/118.60

 

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