Tanalys

USD/JPY Intraday: key resistance at 117.65.

Pivot: 117.65

Our preference: Short positions below 117.65 with targets @ 116.85 116.55 in extension.

Alternative scenario: Above 117.65 look for further upside with 117.95 118.2 as targets.

Comment: The upward potential is likely to be limited by the resistance at 117.65.

Supports and resistances:

118.2 **

117.95 **

117.65 ***

117.49 Last

116.85 ***

116.55 **

116 ***

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