Tanalys

USD/JPY intraday: consolidation.

Pivot: 98.8

Our preference: Short positions below 98.8 with targets @ 98.1 97.75 in extension.

Alternative scenario: Above 98.8 look for further upside with 99.1 99.35 as targets.

Comment: the RSI is badly directed.

Key levels

99.35

99.1

98.8

98.25 last

98.1

97.75

97.5

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