Tanalys

USD/JPY Intraday: consolidation in place.

Pivot: 120

Our preference: Short positions below 120 with targets @ 119.25 118.85 in extension.

Alternative scenario: Above 120 look for further upside with 120.35 120.8 as targets.

Comment: The RSI is mixed with a bearish bias.

Supports and resistances:

120.8 *

120.35 *

120 **

119.8405 Last

119.25 *

118.85 *

118.3 *

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