Tanalys

USD/JPY intraday: intraday support around 98.1.

Pivot: 98.1

Our preference: Long positions above 98.1 with targets @ 98.7 99.1 in extension.

Alternative scenario: Below 98.1 look for further downside with 97.85 97.55 as targets.

Comment: a support base at 98.1 has formed and has allowed for a temporary stabilisation.

Key levels

99.65

99.1

98.7

98.28 last

98.1

97.85

97.55

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