Tanalys

USD/JPY Intraday: 124.1 in sight.

Pivot: 123.5

Our preference: Long positions above 123.5 with targets @ 124.1 124.25 in extension.

Alternative scenario: Below 123.5 look for further downside with 123.3 123 as targets.

Comment: The RSI is bullish and calls for further upside.

Supports and resistances:

124.4 **

124.25 ***

124.1 ***

124.04 Last

123.5 ***

123.3 ***

123 **

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