Pick of the Day 12 May 2022 USDJPY

　　

USDJPY Intraday: key resistance at 130.05.

Pivot Level: 130.05

Our preference:
Short positions below 130.05 with targets at 129.50 & 129.25 in extension.

Alternative scenario:
Above 130.05 looks for further upside with 130.30 & 130.55 as targets.

Comment:
As long as the resistance at 130.05 is not surpassed, the risk of a break below 129.50 remains high.

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