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USD/JPY has broken minor channel support 12005 and declined till 119.37. It is currently trading at 119.44.
- The pair's major trend line support is around 119.20 and any break below will target 118.60.
- On the higher side minor resistance is around 119.80 and any break above would extend gains till 120.15/120.35
It is good to buy at dips around 119.25-30 with SL around 118.60 for the TP of 120.30/120.70
