USD/JPY takes support near trend line ,jump till 122 is possible
USD/JPY has taken support near trend line support and recovered from that level till 121.10. Any further weakness can be seen only below 120.30 level.
The pair's minor resistance is around 121.40 and any break above would extend gains till 122/122.60.
On the downside any break below 120.30 will drag the pair further down till 119.50/118.55.
It is good to buy at dips around 121-121.05 with SL around 120.30 for the TPof 122/122.60
The pair's minor resistance is around 121.40 and any break above would extend gains till 122/122.60.
On the downside any break below 120.30 will drag the pair further down till 119.50/118.55.
It is good to buy at dips around 121-121.05 with SL around 120.30 for the TPof 122/122.60