Tanalys

USD/JPY Intraday: key resistance at 122.85.

Pivot: 122.85

Our preference: Short positions below 122.85 with targets @ 122.25 122 in extension.

Alternative scenario: Above 122.85 look for further upside with 123.1 123.55 as targets.

Comment: As long as the resistance at 122.85 is not surpassed, the risk of the break below 122.25 remains high.

Supports and resistances:

123.55 ***

123.1 ***

122.85 ***

122.65 Last

122.25 ***

122 ***

121.5 ***

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