Tanalys

USD/JPY Intraday: key resistance at 101.6.

Pivot: 101.6

Our preference: Short positions below 101.6 with targets @ 101.15 101 in extension.

Alternative scenario: Above 101.6 look for further upside with 101.8 102 as targets.

Comment: As long as 101.6 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

102

101.8

101.6

101.43 Last

101.15

101

100.85

Copyright 1999 – 2014 TRADING CENTRAL

Exit mobile version