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- USD/JPY has broken minor trend line support around 119.80 which confirms short term weakness , a decline till 119.50/119.20/118.90 is possible.
- On the higher side minor resistance is around 120.10 and break above targets 120.35/120.60 level.
- Short term trend reversal above 120.50.
- The pair's minor support is around 119.50 (200 day HMA) below which confirms intraday weakness.
It is good to sell on rallies around 119.80-85 with SL around 120.10 for the TP of 119.20/118.95
