Tanalys

USD/JPY Intraday: bullish bias above 123.7.

Pivot: 123.7

Our preference: Long positions above 123.7 with targets @ 124.6 125 in extension.

Alternative scenario: Below 123.7 look for further downside with 123.3 122.95 as targets.

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

Supports and resistances:

125.35 *

125 *

124.6 **

124.1810 Last

123.7 ***

123.3 *

122.95 *

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