Tanalys

USD/JPY Intraday: key resistance at 120.25.

Pivot: 120.25

Our preference: Short positions below 120.25 with targets @ 119.55 119.2 in extension.

Alternative scenario: Above 120.25 look for further upside with 120.5 120.85 as targets.

Comment: As long as the resistance at 120.25 is not surpassed, the risk of the break below 119.55 remains high.

Supports and resistances:

120.85 ***

120.5 ***

120.25 ***

119.96 Last

119.55 ***

119.2 ***

118.75 ***

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