Tanalys

USD/JPY Intraday: bullish bias above 103.65.

Pivot: 103.65

Our preference: Long positions above 103.65 with targets @ 104.25 104.5 in extension.

Alternative scenario: Below 103.65 look for further downside with 103.4 103 as targets.

Comment: The RSI lacks downward momentum.

Supports and resistances:

104.8

104.5

104.25

103.955 Last

103.65

103.4

103

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