Tanalys

USD/JPY Intraday: key resistance at 103.85.

Pivot: 103.85

Our preference: Short positions below 103.85 with targets @ 102.8 102.5 in extension.

Alternative scenario: Above 103.85 look for further upside with 104.2 104.7 as targets.

Comment: the upward potential is likely to be limited by the resistance at 103.85.

Supports and resistances:

104.7

104.2

103.85

103.325 Last

102.8

102.5

102.1

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