Tanalys

USD/JPY Intraday: bullish bias above 102.15.

Pivot: 102.15

Our preference: Long positions above 102.15 with targets @ 102.7 102.95 in extension.

Alternative scenario: Below 102.15 look for further downside with 101.85 101.65 as targets.

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

Supports and resistances:

103.2

102.95

102.7

102.38 Last

102.15

101.85

101.65

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