Tanalys

USD/JPY intraday: bullish bias above 98.1.

Pivot: 98.1

Our preference: Long positions above 98.1 with targets @ 98.8 99.1 in extension.

Alternative scenario: Below 98.1 look for further downside with 97.75 97.5 as targets.

Comment: technically, the RSI is above its neutrality area at 50.

Key levels

99.35

99.1

98.8

98.651 last

98.1

97.75

97.5

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