Tanalys

USD/JPY intraday: key ST resistance at 98.7.

Pivot: 98.7

Our preference: Short positions below 98.7 with targets @ 97.85 97.55 in extension.

Alternative scenario: Above 98.7 look for further upside with 99.1 99.65 as targets.

Comment: the upward potential is likely to be limited by the resistance at 98.7.

Key levels

99.65

99.1

98.7

98.481 last

97.85

97.55

97.05

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