Tanalys

USD/JPY Intraday: key resistance at 102.

Pivot: 102

Our preference: Short positions below 102 with targets @ 101.4 101.2 in extension.

Alternative scenario: Above 102 look for further upside with 102.15 102.4 as targets.

Comment: As long as 102 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

102.4

102.15

102

101.8375 Last

101.4

101.2

100.8

Copyright 1999 – 2014 TRADING CENTRAL

Exit mobile version