Tanalys

USD/JPY Intraday: key resistance at 121.35.

Pivot: 121.35

Our preference: short positions below 121.35 with targets @ 120.55 120.15 in extension.

Alternative scenario: above 121.35 look for further upside with 121.85 122.25 as targets.

Comment: as long as 121.35 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

122.25 **

121.85 **

121.35 ***

121.06 Last

120.55 ***

120.15 ***

119.6 ***

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