Tanalys

USD/JPY Intraday: key resistance at 124.6.

Pivot: 124.6

Our preference: Short positions below 124.6 with targets @ 124 123.75 in extension.

Alternative scenario: Above 124.6 look for further upside with 125 125.3 as targets.

Comment: As long as the resistance at 124.6 is not surpassed, the risk of the break below 124 remains high.

Supports and resistances:

125.3 ***

125 ***

124.6 ***

124.38 Last

124 ***

123.75 **

123.5 **

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