USD/JPY is trading above 200 day HMA, jump till 121.50 is possible

• RES 4: 122.05
  
  
• RES 3: 121.50
  
  
• RES 2: 121
  
  
• RES 1: 120.50

 PRICE: 120.16 @ 5:23 GMT 

• SUP 1: 119.75 (200 day HMA)
  
  
• SUP 2: 119.17 (Ichimoku cloud top)
  
  
• SUP 3: 118.20
  
  
•  SUP 4: 116.86

COMMENTARY:

USD/JPY has broken major resistance 120 and confirms short term bullishness a jump till 121.50 cannot be ruled out.

On the upside minor resistance is around 120.35 and any break above would extend gains till 121/121.50.

Intraday bearish invalidation can happen only below 119.75 level.