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FxWirePro: USD/JPY dips below lower range, bearish bias increases

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USD/JPY breaks major resistance 121.75, targets 123/124.20

Thursday, November 5, 2015 10:23 AM UTC

USD/JPY has broken major Potential Reversal Zone (PRZ) 121.75 and is trading around 121.84.
Overall trend reversals has happened and jump till 123.15/124 is possible.
The pair's weakness can be seen only below 120.80 and break below 120.80 will targets 120.25/120.

It is good to buy at dips around 121.70-75 with SL around 120.80 for the TP of 123.10/124.15

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USD/JPY breaks major resistance 121.75, targets 123/124.20

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