USDJPY
Pivot: 120.35
Likely scenario: Short positions below 120.35 with targets @ 119.75 & 119.45 in extension.
Alternative scenario: Above 120.35 look for further upside with 120.6 & 120.9 as targets.
Comment: As long as 120.35 is resistance, look for choppy price action with a bearish bias.
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