Tanalys

USD/JPY Intraday: bullish bias above 124.3.

Pivot: 124.3

Our preference: Long positions above 124.3 with targets @ 125 125.5 in extension.

Alternative scenario: Below 124.3 look for further downside with 123.6 122.9 as targets.

Comment: A support base at 124.3 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

126.3

125.5

125

124.82 Last

124.3

123.6

122.9

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