Tanalys

USD/JPY Intraday: capped by a negative trend line.

Pivot: 102.75

Our preference: Short @ 102.5 with targets @ 101.8 101.55 in extension.

Alternative scenario: Above 102.75 look for further upside with 103.05 103.4 as targets.

Comment: as long as the resistance at 102.75 is not surpassed, the risk of the break below 101.8 remains high.

Supports and resistances:

103.4

103.05

102.75

102.15 Last

101.8

101.55

101.3

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