Tanalys

USD/JPY Intraday: key resistance at 120.45.

Pivot: 120.45

Our preference: Short positions below 120.45 with targets @ 119.8 119.6 in extension.

Alternative scenario: Above 120.45 look for further upside with 120.95 121.3 as targets.

Comment: The upward potential is likely to be limited by the resistance at 120.45.

Supports and resistances:

121.3 **

120.95 ***

120.45 ***

120.31 Last

119.8 **

119.6 ***

119.1 **

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