USD/JPY trade idea

• USD/JPY has broken minor channel support 12005 and declined till 119.25. It is currently trading at 119.88.
  
  
• The pair's major trend line support is around 119.20 and any break below will target 118.60.
  
  
• On the higher side minor resistance is around 120.35 and any break above would extend gains till 121/121.30.

It is good to buy at dips around 119.25-30 with SL around 118.60 for the TP of 120.30/120.70

Resistance

R1- 120.35

R2-121

R3- 121.30

Support

S1-119.60

S2-119.20

S3-118.60