USD/JPY breaks major resistance 121.75, targets 123/124.20

USD/JPY has broken major Potential Reversal Zone (PRZ) 121.75 and is trading around 121.84.

Overall trend reversals has happened and jump till 123.15/124 is possible.

The pair’s weakness can be seen only below 120.80 and break below 120.80 will targets 120.25/120.

It is good to buy at dips around 121.70-75 with SL around 120.80 for the TP of 123.10/124.15