Tanalys

USD/JPY Intraday: key resistance at 117.95.

USD/JPY Intraday: key resistance at 117.95.

Pivot: 117.95

Our preference: Short positions below 117.95 with targets @ 115.6 114.95 in extension.

Alternative scenario: Above 117.95 look for further upside with 118.75 119.3 as targets.

Comment: As long as 117.95 is resistance, look for choppy price action with a bearish bias. The pair stands below its resistance and remains under pressure.

Supports and resistances:

119.3 **

118.75 ***

117.95 **

117.24 Last

115.6 ***

114.95 ***

114.25 ***

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