USD/JPY Intraday: under pressure.
Pivot: 120.3
Our preference: Short positions below 120.3 with targets @ 119.25 & 119 in extension.
Alternative scenario: Above 120.3 look for further upside with 120.65 & 121.2 as targets.
Comment: As long as 120.3 is resistance, look for choppy price action with a bearish bias. The pair has struck against its resistance and remains under pressure.
