Tanalys

USD/JPY intraday: key ST resistance at 101.65.

Pivot: 101.65

Our preference: Short positions below 101.65 with targets @ 100.95 100.65 in extension.

Alternative scenario: Above 101.65 look for further upside with 102 102.5 as targets.

Comment: as long as 101.65 is resistance, look for choppy price action with a bearish bias.

Key levels

102.5

102

101.65

101.387 last

100.95

100.65

100.25

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