Tanalys

USD/JPY Intraday: range.

Pivot: 119.2

Our preference: Long positions above 119.2 with targets @ 120.35 120.65 in extension.

Alternative scenario: Below 119.2 look for further downside with 118.8 118.5 as targets.

Comment: The RSI is badly directed.

Supports and resistances:

120.9 **

120.65 ***

120.35 ***

119.8245 Last

119.2 **

118.8 **

118.5 **

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