Tanalys

USD/JPY Intraday: limited upside.

Pivot: 123.25

Our preference: Long positions above 123.25 with targets @ 123.7 124 in extension.

Alternative scenario: Below 123.25 look for further downside with 122.85 122.35 as targets.

Comment: The RSI is supported by a rising trend line.

Supports and resistances:

124.35 *

124 **

123.7 **

123.5140 Last

123.25 ***

122.85 *

122.35 *

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