- USD/JPY has recovered after making a low of 118 on Thrusday and is currently trading at 119.54.
- The pair is facing major trend line resistance at 119.70 (trend line joining 121.22 and 120.56) and any break above target 120.30/121.
- On the downside minor support is around 119.20 and break below targets 118.60/118.
It is good to buy at dips around 119.45-50 with SL around 119.15 for the TP of 120.30/120.70
