USD/JPY is struggling to break below 118, jump till 121 is possible

• RES 4: 122.01 (Mar 10^th high)
  
  
• RES 3: 121.20 (Mar 20^th high)
  
  
• RES 2: 120.35 (31^st  Mar high)
  
  
• RES 1: 119.96 (200 day 4HMA)

      PRICE: 119.55 @ 5:11 GMT 

• SUP 1: 119.09 (Kijun-Sen)
  
  
•  SUP 2: 118.30 (26^th Mar low)
  
  
•  SUP 3: 116.85 (Mar 2^nd low)
  
  
•   SUP 4: 115.55 (Dec 16^th high)

COMMENTARY:

USD/JPY has taken support near 118.70 and recovered from that level. Short term trend is bullish as long as support 118.30 holds.

On the upside minor resistance is around 119.96 and any break above would extend gains till 120.35/121.18.

It is good to buy around 119.30 for the target of 121.18 with stop around 118.30.