Tanalys

USD/JPY Intraday: key resistance at 123.97.

Pivot: 123.97

Our preference: Short positions below 123.97 with targets @ 123.22 123.06 in extension.

Alternative scenario: Above 123.97 look for further upside with 124.2 124.45 as targets.

Comment: The RSI is mixed to bearish.

Supports and resistances:

124.45 ***

124.2 ***

123.97 ***

123.3635 Last

123.22 ***

123.06 ***

122.9 ***

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