USD/JPY Intraday: caution.
Pivot: 119.35
Our preference: Short positions below 119.35 with targets @ 118.25 & 117.7 in extension.
Alternative scenario: Above 119.35 look for further upside with 119.95 & 120.3 as targets.
Comment: Intraday technical indicators are mixed and call for caution. The pair is posting a rebound and is approaching its resistance.
