Tanalys

USD/JPY intraday: key ST resistance at 99.65

Pivot: 99.65.

Our preference: SHORT positions below 99.65 with 98.55 98.2 in sight.

Alternative scenario: The upside breakout of 99.65 will open the way to 100 100.45.

Comment: the 99.65 resistance area maintains a downside pressure while the RSI lacks upward momentum.

Trend: ST Ltd Upside; MT Range

Key levels Comment

100.45*** Intraday resistance

100** Intraday resistance

99.65*** Intraday pivot point

99.24 Last

98.55*** Intraday support

98.2*** Intraday support

97.6*** Intraday support

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