USD/JPY faces support around 119.20, jump till 121 is possible

USD/JPY has recovered till 120.15 after making a low of 119.27 yesterday. Short term trend is till bullish as long as support 119.20 holds.

Any break below 119.20 will drag the pair further down till 118.60/118.25. the pair's minor support is around 119.50.

The minor resistance is around 120.10 and any indicative break above will take the pair till 120.75/121.25 in short term.

It is good to buy at dips around 119.80-85 with SL around 119.20 for the TP of 120.74/121.25