Tanalys

USD/JPY Intraday: bullish bias above 101.85.

Pivot: 101.85

Our preference: Long positions above 101.85 with targets @ 102.15 102.3 in extension.

Alternative scenario: Below 101.85 look for further downside with 101.7 101.6 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

102.45

102.3

102.15

101.97 Last

101.85

101.7

101.6

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