USD/JPY faces resistance around 121.30, good to buy at dips

USD/JPY retreated after making a high of 121.19. It is currently trading at 120.32. Intraday trend is still bullish as long as support 119.60 holds.

On the downside any break below 119.60 will drag the pair till 119.20/118.75,

Overall bullish invalidation only below 118.

The pair's resistance is around 120.50 and any indicative break above would extend gains till 120.75/121.25/121.70

It is good to buy at dips around 120.20 with SL around 119.60 for the TP of 121.20/121.70