USDJPY is looking to target 120.73 at the moment and break of that level will open up new targets around 121.50 level. RSI is a bit on the higher side but seems to have more than enough space for USDJPY to break 120.73 level.
Traders will look to buy USDJPY on dip just below 120 level to buy USDJPY for a nice intra-day trade. It seems that the short range upward trend of USDJPY will continue to towards 121.50 and short target trades will remain the trading method for USDJPY.
TRADE:
Buy USDJPY @ 119.96 for Profit Level @ 120.56 and Stop Loss @ 119.66
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