USD/JPY breaks minor trendline resistance at 120.45,targets 121.

USD/JPY has broken minor trend line resistance around 120.45 (trend line joining 120.64 and 120.53) and is currently trading at 120.43.

Intraday trend is bullish as long as resistance 120 holds.

The minor resistance is around 120.65 and any break above targets 121/121.30.

On the downside any break below 120 will drag the pair till 119.50/119.20.

It is good to buy at dips 120.35-40 with SL around 120 for the TP of 121/121.25