Tanalys

USD/JPY intraday: intraday support around 99.9.

Pivot: 99.9

Our preference: Long positions above 99.9 with targets @ 100.85 101.25 in extension.

Alternative scenario: Below 99.9 look for further downside with 99.2 98.9 as targets.

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

Key levels

101.55

101.25

100.85

100.309 last

99.9

99.2

98.9

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