Tanalys

USD/JPY Intraday: key resistance at 117.85.

Pivot: 117.85

Our preference: Short positions below 117.85 with targets @ 117 116.8 in extension.

Alternative scenario: Above 117.85 look for further upside with 118.2 118.4 as targets.

Comment: The upward potential is likely to be limited by the resistance at 117.85.

Supports and resistances:

118.4 **

118.2 *

117.85 ***

117.63 Last

117 **

116.8 **

116.3 **

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