Tanalys

USD/JPY Intraday: bullish bias above 119.65.

Pivot: 119.65

Our preference: Long positions above 119.65 with targets @ 120.1 120.4 in extension.

Alternative scenario: Below 119.65 look for further downside with 119.35 119 as targets.

Comment: A support base at 119.65 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

120.75 **

120.4 **

120.1 ***

119.77 Last

119.65 **

119.35 *

119 *

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