Tanalys

USD/JPY Intraday: consolidation.

Pivot: 103.4

Our preference: Short positions below 103.4 with targets @ 102.8 102.6 in extension.

Alternative scenario: Above 103.4 look for further upside with 103.7 104.05 as targets.

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

Supports and resistances:

104.05

103.7

103.4

103.0465 Last

102.8

102.6

102.2

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