Tanalys

USD/JPY intraday: intraday support around 98.

USD/JPY intraday: intraday support around 98.

Pivot: 98

Our preference: Long positions above 98 with targets @ 98.7 99 in extension.

Alternative scenario: Below 98 look for further downside with 97.75 97.4 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Key levels

99.15

99

98.7

98.238 last

98

97.75

97.4

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