USD/JPY Intraday: key resistance at 121.65.
Pivot: 121.65
Our preference: Short positions below 121.65 with targets @ 121.1 & 120.9 in extension.
Alternative scenario: Above 121.65 look for further upside with 122 & 122.5 as targets.
Comment: As long as the resistance at 121.65 is not surpassed, the risk of the break below 121.1 remains high. The pair stands below its resistance and remains under pressure.
