Tanalys

USD/JPY Intraday: bullish bias above 103.5.

USD/JPY Intraday: bullish bias above 103.5.

Pivot: 103.5

Our preference: Long positions above 103.5 with targets @ 104.2 104.7 in extension.

Alternative scenario: Below 103.5 look for further downside with 103.2 102.80 as targets.

Comment: the RSI is bullish and calls for further advance.

Supports and resistances:

105.05

104.7

104.2

103.936 Last

103.5

103.2

102.80

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