Tanalys

USD/JPY intraday: intraday support around 102.6.

Pivot: 102.6

Our preference: Long positions above 102.6 with targets @ 103.7 104.3 in extension.

Alternative scenario: Below 102.6 look for further downside with 101.85 101.25 as targets.

Comment: a support base at 102.6 has formed and has allowed for a temporary stabilisation.

Key levels

104.85

104.3

103.7

102.874 last

102.6

101.85

101.25

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