- USD/JPY has broken minor trend line resistance around 120.45 (trend line joining 120.64 and 120.53) and is currently trading at 120.47.
- Intraday trend is bullish as long as resistance 120 holds.
- The minor resistance is around 120.65 and any break above targets 121/121.30.
- On the downside any break below 120 will drag the pair till 119.50/119.20.
It is good to buy at dips 120.35-40 with SL around 120 for the TP of 121/121.25
