Tanalys

USD/JPY Intraday: watch 122.

Pivot: 122.7

Our preference: Short positions below 122.7 with targets @ 122 121.7 in extension.

Alternative scenario: Above 122.7 look for further upside with 123.2 124 as targets.

Comment: Intraday technical indicators are mixed and call for caution. A strong rebound could happen above the 122 strong support.

Supports and resistances:

124 *

123.2 *

122.7 ***

122.3170 Last

122 ***

121.7 *

121.4 *

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