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USD/JPY is trading in narrow range between 120.60 and 119.60. Any break below 119.60 confirms short term weakness, decline till 119.20/118.60 is possible.
- Overall bearishness can be seen only below 118.60.
- On the higher side minor resistance is around 120.60 and break above would extend gains till 121.20.
- Major resistance is around 121.30.
It is good to buy at dips around 120 with SL around 119.60 for the TP of 120.75/121.20.
