Tanalys

USD/JPY Intraday: intraday support around 107.7.

Pivot: 107.7

Our preference: Long positions above 107.7 with targets @ 108.8 109.25 in extension.

Alternative scenario: Below 107.7 look for further downside with 107.4 107 as targets.

Comment: A support base at 107.7 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

109.9

109.25

108.8

107.91 Last

107.7

107.4

107

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