Tanalys

USD/JPY intraday: key ST resistance at 98.4.

Pivot: 98.4

Our preference: Short positions below 98.4 with targets @ 97.1 96.5 in extension.

Alternative scenario: Above 98.4 look for further upside with 98.7 99.1 as targets.

Comment: as long as 98.4 is resistance, look for choppy price action with a bearish bias.

Key levels

99.1

98.7

98.4

97.927 last

97.1

96.5

95.75

Copyright 1999 – 2013 TRADING CENTRAL

Exit mobile version