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- 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
