Tanalys

USD/JPY Intraday: key resistance at 124.85.

Pivot: 124.85

Our preference: Short positions below 124.85 with targets @ 124.25 123.95 in extension.

Alternative scenario: Above 124.85 look for further upside with 125.15 125.35 as targets.

Comment: Technically the RSI is below its neutrality area at 50.

Supports and resistances:

125.35

125.15

124.85

124.57 Last

124.25

123.95

123.75

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