USD/JPY Intraday: the upside prevails.
Pivot: 119.75
Our preference: Long positions above 119.75 with targets @ 120.55 & 120.8 in extension.
Alternative scenario: Below 119.75 look for further downside with 119.6 & 119.35 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The pair stands above its support and remains on the upside.
