Tanalys

USD/JPY Intraday: bullish bias above 123.55.

Pivot: 123.55

Our preference: Long positions above 123.55 with targets @ 124.15 124.6 in extension.

Alternative scenario: Below 123.55 look for further downside with 122.95 122.55 as targets.

Comment: The immediate trend remains up and the momentum is strong.

Supports and resistances:

125 *

124.6 *

124.15 **

123.9565 Last

123.55 ***

122.95 *

122.55 *

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