USD/JPY Intraday: caution.

Pivot: 155.55

Our preference: short positions below 155.55 with targets at 155.20 & 155.00 in extension.

Alternative scenario: above 155.55 look for further upside with 155.80 & 156.05 as targets.

Comment: as long as 155.55 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

156.05

155.80

155.55

155.51 Last

155.20

155.00

154.65