USD/JPY Intraday: caution.
Pivot: 121.6
Our preference: Short positions below 121.6 with targets @ 120.9 & 120.6 in extension.
Alternative scenario: Above 121.6 look for further upside with 122 & 122.5 as targets.
Comment: Intraday technical indicators are mixed and call for caution. The pair has struck against its resistance.
