Tanalys

USD/JPY intraday: bullish bias above 99.2.

Pivot: 99.2

Our preference: Long positions above 99.2 with targets @ 100.45 100.85 in extension.

Alternative scenario: Below 99.2 look for further downside with 98.9 98.55 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Key levels

101.25

100.85

100.45

100.067 last

99.2

98.9

98.55

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