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USD/JPY faces strong trend line support at 120.45, a slight jump till 121.30 is possible

Tuesday, October 27, 2015 5:35 AM UTC

USD/JPY is facing strong trend line support around 120.48 (trend line joining 118.05 and 119.60) and break below confirms further weakness, a decline till 120/119.60 is possible.

On the higher minor intraday resistance is around 120.65 and break above targets 121.10/121.30 level.
Overall trend reversal only below 119.60. Below 119.60 will drag the pair till 119/118.60.

It is good to buy only above 120.66 with SL around 120.45 for the TP of 121.09/121.50.

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USD/JPY faces strong trend line support at 120.45, a slight jump till 121.30 is possible

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