Tanalys

USD/JPY intraday: bullish bias above 98.4.

Pivot: 98.4

Our preference: Long positions above 98.4 with targets @ 98.95 99.15 in extension.

Alternative scenario: Below 98.4 look for further downside with 98.15 97.85 as targets.

Comment: the RSI broke above a bearish trend line.

Key levels

99.35

99.15

98.95

98.639 last

98.4

98.15

97.85

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