Tanalys

USD/JPY Intraday: key resistance at 123.2.

Pivot: 123.2

Our preference: Short positions below 123.2 with targets @ 122.6 122.35 in extension.

Alternative scenario: Above 123.2 look for further upside with 123.4 123.75 as targets.

Comment: The upward potential is likely to be limited by the resistance at 123.2.

Supports and resistances:

123.75 ***

123.4 **

123.2 ***

122.98 Last

122.6 **

122.35 **

122.2 **

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