Tanalys

USD/JPY Intraday: target 124.

Pivot: 122.5

Our preference: Long positions above 122.5 with targets @ 123.7 124 in extension.

Alternative scenario: Below 122.5 look for further downside with 122.2 121.9 as targets.

Comment: The immediate trend remains up and the momentum is strong.

Supports and resistances:

124.35 *

124 *

123.7 *

123.0030 Last

122.5 ***

122.2 *

121.9 *

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