Tanalys

USD/JPY Intraday: key resistance at 124.5.

Pivot: 124.5

Our preference: Short positions below 124.5 with targets @ 124.05 123.85 in extension.

Alternative scenario: Above 124.5 look for further upside with 124.85 125 as targets.

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

Supports and resistances:

125 ***

124.85 **

124.5 **

124.36 Last

124.05 ***

123.85 **

123.7 ***

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