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USD/JPY is facing strong trend line support around 120.48 (trend line joining 118.05 and 119.60) and break below confirms further weakness, a decline till 120/119.60 is possible.
- On the higher minor intraday resistance is around 120.65 and break above targets 121.10/121.30 level.
- Overall trend reversal only below 119.60. Below 119.60 will drag the pair till 119/118.60.
It is good to buy only above 120.66 with SL around 120.45 for the TP of 121.09/121.50.
