USD/JPY has broken minor trend line support around 119.80 which confirms short term weakness , a decline till 119.50/119.20/118.90 is possible.
On the higher side minor resistance is around 120.10 and break above targets 120.35/120.60 level.
Short term trend reversal above 120.50.
The pair's minor support is around 119.50 (200 day HMA) below which confirms intraday weakness.
It is good to sell on rallies around 119.80-85 with SL around 120.10 for the TP of 119.20/118.95
On the higher side minor resistance is around 120.10 and break above targets 120.35/120.60 level.
Short term trend reversal above 120.50.
The pair's minor support is around 119.50 (200 day HMA) below which confirms intraday weakness.
It is good to sell on rallies around 119.80-85 with SL around 120.10 for the TP of 119.20/118.95