Tanalys

USD/JPY intraday: key ST resistance at 102.9.

Pivot: 102.9

Our preference: Short positions below 102.9 with targets @ 102.05 101.85 in extension.

Alternative scenario: Above 102.9 look for further upside with 103.3 103.7 as targets.

Comment: Monday’s bearish gap maintains a downside pressure.

Key levels

103.7

103.3

102.9

102.61 last

102.05

101.85

101.25

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