Tanalys

USD/JPY intraday: further upside.

Pivot: 98.9

Our preference: Long positions above 98.9 with targets @ 100 100.8 in extension.

Alternative scenario: Below 98.9 look for further downside with 98 97.15 as targets.

Comment: the pair is challenging its resistance at 100 as the RSI calls for further upside.

Key levels

101.15

100.8

100

99.796 last

98.9

98

97.15

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