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- USD/JPY has recovered after making a low of 118. is currently trading at 119.17.
- The pair is facing minor intraday trend line resistance around 119.30 and any further bullishness only above that level. Any break above 119.30 will take the pair to 119.75/120.05/120.30.
- On the downside major support is around 118.60 and break below targets 118/117.40.
It is good to buy only above 119.30 with SL around 118.60 for the TP of 120.05/120.60
