Tanalys

USD/JPY intraday: key ST resistance at 101.3.

Pivot: 101.3

Our preference: Short positions below 101.3 with targets @ 100.1 99.7 in extension.

Alternative scenario: Above 101.3 look for further upside with 101.8 102.2 as targets.

Comment: as long as 101.3 is resistance, look for choppy price action with a bearish bias.

Key levels

102.2

101.8

101.3

100.65 last

100.1

99.7

99.4

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