Tanalys

USD/JPY intraday: bullish bias above 98.45.

Pivot: 98.45

Our preference: Long positions above 98.45 with targets @ 99.15 99.35 in extension.

Alternative scenario: Below 98.45 look for further downside with 98.15 97.85 as targets.

Comment: the RSI lacks downward momentum.

Key levels

99.6

99.35

99.15

98.75 last

98.45

98.15

97.85

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