Tanalys

USD/JPY intraday: bullish bias above 97.8.

Pivot: 97.8

Our preference: Long positions above 97.8 with targets @ 98.55 99 in extension.

Alternative scenario: Below 97.8 look for further downside with 97.5 97.1 as targets.

Comment: the pair is pulling back on its support.

Key levels

99.35

99

98.55

98.11 last

97.8

97.5

97.1

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