Tanalys

USD/JPY Intraday: bullish bias above 101.8.

Pivot: 101.8

Our preference: Long positions above 101.8 with targets @ 102.15 102.3 in extension.

Alternative scenario: Below 101.8 look for further downside with 101.7 101.6 as targets.

Comment: A support base at 101.8 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

102.4

102.3

102.15

101.89 Last

101.8

101.7

101.6

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