Tanalys

USD/JPY Intraday: bullish bias above 102.45.

Pivot: 102.45

Our preference: Long positions above 102.45 with targets @ 102.8 103.1 in extension.

Alternative scenario: Below 102.45 look for further downside with 102.25 102 as targets.

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

Supports and resistances:

103.45

103.1

102.8

102.59 Last

102.45

102.25

102

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