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USD/JPY faces strong trend line resistance around 121.50 (trend line joining 121.22 and 121.48) and any break above confirms further bullishness, jump till 122.40 is possible.
- On the downside minor support is around 120.98 and break below will drag the pair till 120.50/120.30/119.95 in short term.
- Further weakness can be seen only below 119.60.
It is good to buy only above 121.50 with SL around 120.98 for the TP of 122.40/123.10
