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USD/JPY breaks a short term trend line resistance (trend line joining 120.67 and 120.22) and this confirms short term bullishness , a jump till 121 cannot be ruled out. Intra day trend is bullish as long as support 119.60 holds.
- Any break below 119.60 will drag the pair further down till 119.20/118.75.
- The pair's intra day resistance is around 120.30 and any indicative break above targets 120.75/121.
It is good to buy at dips around 120.20-25 with SL around 119.60 for the TP of 121/121.75
