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USD/JPY breaks short term support 120.50 which confirms short term weakness, a decline till 119.56 cannot be ruled out .
- Intraday major resistance is around 121. Any slight bullishness can be seen only above 121 level.
- Overall bearish invalidation only above 121.75.
It is good to sell on rallies around 120.45-50 with SL around 121 for the TP of 119.60.
