Tanalys

USD/JPY Intraday: intraday support around 102.3.

Pivot: 102.3

Our preference: Long positions above 102.3 with targets @ 102.7 102.95 in extension.

Alternative scenario: Below 102.3 look for further downside with 102.05 101.85 as targets.

Comment: A support base at 102.3 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

103.3

102.95

102.7

102.515 Last

102.3

102.05

101.85

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