USD/JPY Intraday: key resistance at 119.7.

2015-09-08

Pivot: 119.7

Our preference: Short positions below 119.7 with targets @ 118.55 & 117.8 in extension.

Alternative scenario: Above 119.7 look for further upside with 120.2 & 120.65 as targets.

Comment: The upward potential is likely to be limited by the resistance at 119.7.

Supports and resistances:
120.65 ***
120.2 ***
119.7 ***
119.39 Last
118.55 ***
117.8 **
117.1