FxWirePro: Buy USD/JPY at dips around 120-120.10 with SL around 119.60 for the TP of 120.74/121.25
Tuesday, October 6, 2015 3:50 AM UTC
- USD/JPY has broken minor resistance 120 and made a high of 120.55. It is currently trading at 120.45 trend is till bullish as long as support 119.60 holds.
- Overall bullish invalidation only below 118.60
- Any break below 119.60 will drag the pair further down till 119.20/118.60. The pair's minor support is around 119.95.
- The minor resistance is around 120.60 and any indicative break above will take the pair till 121.25 in short term.
It is good to buy at dips around 120-120.10 with SL around 119.60 for the TP of 120.74/121.25
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