Tanalys

USD/JPY Intraday: bullish bias above 101.5.

Pivot: 101.5

Our preference: Long positions above 101.5 with targets @ 101.9 102.1 in extension.

Alternative scenario: Below 101.5 look for further downside with 101.2 101.05 as targets.

Comment: The break above 101.5 is a positive signal that has opened a path to 101.9.

Supports and resistances:

102.35

102.1

101.9

101.785 Last

101.5

101.2

101.05

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