Tanalys

USD/JPY Intraday: key resistance at 119.6.

Pivot: 119.6

Our preference: short positions below 119.6 with targets @ 118.7 118.4 in extension.

Alternative scenario: above 119.6 look for further upside with 119.95 120.45 as targets.

Comment: the upward potential is likely to be limited by the resistance at 119.6.

Supports and resistances:

120.45 **

119.95 ***

119.6 **

119.29 Last

118.7 ***

118.4 ***

118 **

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