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- USD/JPY has made a low of 119.49 and slightly recovered from that level. Short term trend is bullish as long as support 119.20 holds
- Any break below 119.20 will drag the pair down till 118.60 level.
- On the higher side minor resistance is around 119.90 and break above targets 120.15/120.35.
It is good to buy around 119.60-65 with SL around 119.20 for the TP of 120.15/120.30
