Tanalys

USD/JPY Intraday: bullish bias above 120.55.

Pivot: 120.55

Our preference: Long positions above 120.55 with targets @ 121.1 121.55 in extension.

Alternative scenario: Below 120.55 look for further downside with 120.3 119.95 as targets.

Comment: The pair remains on the upside.

Supports and resistances:

121.8 **

121.55 ***

121.1 ***

120.9570 Last

120.55 ***

120.3 ***

119.95 **

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