Tanalys

USD/JPY Intraday: key resistance at 123.3.

Pivot: 123.3

Our preference: Short positions below 123.3 with targets @ 122.5 122.15 in extension.

Alternative scenario: Above 123.3 look for further upside with 123.7 124.1 as targets.

Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:

124.1

123.7

123.3

123.0550 Last

122.5

122.15

121.75

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