Tanalys

USD/JPY ST: under pressure.

Pivot: 126

Our preference: Short positions below 126 with targets @ 115.5 113.4 in extension.

Alternative scenario: Above 126 look for further upside with 127.7 132 as targets.

Comment: The RSI is badly directed. The pair has broken below a rising trend line and remains under pressure.

Supports and resistances:

132 **

127.7 *

126 **

119.16 Last

115.5 ***

113.4 **

110 ***

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