Tanalys

USD/JPY intraday: bullish bias above 102.6.

Pivot: 102.6

Our preference: Long positions above 102.6 with targets @ 103.8 104.2 in extension.

Alternative scenario: Below 102.6 look for further downside with 102.05 101.85 as targets.

Comment: a support base at 102.6 has formed and has allowed for a temporary stabilisation.

Key levels

104.8

104.2

103.8

102.976 last

102.6

102.05

101.85

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