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- USD/JPY has retreated till 119.69 after Fed maintains status quo. Overall trend is weak as long as resistance 121 holds.
- The pair's intraday resistance is around 120.50 and any break above confirms intraday bullishness , a jump till 121 cannot be ruled out.
- On the downside major support is around 119.50 and break below targets 119.15/118.80.
It is good to sell on rallies around 120.120.10 with SL around 120.51 for the TP of 119.50/119.15.
