Tanalys

USD/JPY Intraday: key resistance at 118.35.

Pivot: 118.35

Our preference: short positions below 118.35 with targets @ 117.7 117.45 in extension.

Alternative scenario: above 118.35 look for further upside with 118.6 118.85 as targets.

Comment: the upward potential is likely to be limited by the resistance at 118.35.

Supports and resistances:

118.85 ***

118.6 ***

118.35 ***

118.14 Last

117.7 ***

117.45 ***

117.2 **

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