Tanalys

USD/JPY intraday: key ST resistance at 97.75.

Pivot: 97.75

Our preference: Short positions below 97.75 with targets @ 97.1 96.7 in extension.

Alternative scenario: Above 97.75 look for further upside with 98.1 98.55 as targets.

Comment: the upward potential is likely to be limited by the resistance at 97.75.

Key levels

98.55

98.1

97.75

97.65 last

97.1

96.7

96.25

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