Tanalys

USD/JPY intraday: key ST resistance at 99.6.

Pivot: 99.6

Our preference: Short positions below 99.6 with targets @ 98.55 98.2 in extension.

Alternative scenario: Above 99.6 look for further upside with 100.05 100.45 as targets.

Comment: the upward potential is likely to be limited by the resistance at 99.6.

Key levels

100.45

100.05

99.6

99.388 last

98.55

98.2

97.85

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