Tanalys

USD/JPY Intraday: key resistance at 119.9.

Pivot: 119.9

Our preference: Short positions below 119.9 with targets @ 119 118.25 in extension.

Alternative scenario: Above 119.9 look for further upside with 120.4 120.75 as targets.

Comment: As long as the resistance at 119.9 is not surpassed, the risk of the break below 119 remains high.

Supports and resistances:

120.75 **

120.4 **

119.9 ***

119.8255 Last

119 **

118.25 *

117.75 *

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