Tanalys

USD/JPY intraday: break of a ST rising trendline support.

Pivot: 101.8

Our preference: Short positions below 101.8 with targets @ 100.55 100.1 in extension.

Alternative scenario: Above 101.8 look for further upside with 102.2 102.55 as targets.

Comment: as long as 101.8 is resistance, look for choppy price action with a bearish bias.

Key levels

102.55

102.2

101.8

101.252 last

100.55

100.1

99.7

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