Tanalys

USD/JPY Intraday: key resistance at 124.15.

Pivot: 124.15

Our preference: Short positions below 124.15 with targets @ 123.70 123.55 in extension.

Alternative scenario: Above 124.15 look for further upside with 124.45 124.7 as targets.

Comment: As long as 124.15 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

124.7 **

124.45 ***

124.15 **

123.99 Last

123.70 ***

123.55 ***

123.35 **

Copyright 1999 – 2015 TRADING CENTRAL

Exit mobile version