Tanalys

USD/JPY intraday: further advance.

Pivot: 98.3

Our preference: Long positions above 98.3 with targets @ 99.4 99.65 in extension.

Alternative scenario: Below 98.3 look for further downside with 97.95 97.6 as targets.

Comment: the pair has broken above its resistance and should post further advance as the RSI is well directed.

Key levels

99.9

99.65

99.4

99.19 last

98.3

97.95

97.6

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