Tanalys

USD/JPY Intraday: intraday support around 103.75.

Pivot: 103.75

Our preference: Long positions above 103.75 with targets @ 104.6 104.95 in extension.

Alternative scenario: Below 103.75 look for further downside with 103.4 103.1 as targets.

Comment: a support base at 103.75 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

105.15

104.95

104.6

104.04 Last

103.75

103.4

103.1

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