Tanalys

USD/JPY intraday: consolidation in place.

Pivot: 102.9

Our preference: Short positions below 102.9 with targets @ 102.2 101.85 in extension.

Alternative scenario: Above 102.9 look for further upside with 103.3 103.7 as targets.

Comment: as long as the resistance at 102.9 is not surpassed, the risk of the break below 102.2 remains high.

Key levels

103.7

103.3

102.9

102.52 last

102.2

101.85

101.25

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