Tanalys

USD/JPY Intraday: key resistance at 120.3.

Pivot: 120.3

Our preference: Short positions below 120.3 with targets @ 119.2 118.85 in extension.

Alternative scenario: Above 120.3 look for further upside with 120.65 121.05 as targets.

Comment: The upward potential is likely to be limited by the resistance at 120.3.

Supports and resistances:

121.05 ***

120.65 ***

120.3 ***

120.11 Last

119.2 **

118.85 ***

118.35 **

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