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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
