Tanalys

USD/JPY intraday: intraday support around 99.1.

Pivot: 99.1

Our preference: Long positions above 99.1 with targets @ 100.45 100.8 in extension.

Alternative scenario: Below 99.1 look for further downside with 98.55 98.2 as targets.

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

Key levels

101.15

100.8

100.45

99.321 last

99.1

98.55

98.2

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