Tanalys

USD/JPY Intraday: key resistance at 107.65.

Pivot: 107.65

Our preference: Short positions below 107.65 with targets @ 106.75 106.5 in extension.

Alternative scenario: Above 107.65 look for further upside with 108.2 108.75 as targets.

Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:

108.75

108.2

107.65

107.15 Last

106.75

106.5

106

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