The dollar against the Japanese yen was neutral yesterday with a slight bias on the bullish side due to the major support level at 120.00. The pair might find the tendency to move towards the upside in the short-term trend until the major resistance level at 120.90s as long as the pair stays above the critical mentioned support level at 120.00.
The trading range for today will be between the key resistance at 121.00 and the key support at 119.70.
The general trend is down as far as 122.20 and 123.00 remains intact, targets will be at 117.00 and 115.00.
buying USD/JPY above 120.15 with a target at 120.80 , stop loss
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