Tanalys

USD/JPY intraday: bullish bias above 97.55.

Pivot: 97.55

Our preference: Long positions above 97.55 with targets @ 98.25 98.6 in extension.

Alternative scenario: Below 97.55 look for further downside with 96.95 96.35 as targets.

Comment: the RSI is losing upward momentum and calls for caution.

Key levels

99.15

98.6

98.25

98.12 last

97.55

96.95

96.35

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