Tanalys

USD/JPY intraday: rebound expected.

Pivot: 99.2

Our preference: Long positions above 99.2 with targets @ 100.4 100.65 in extension.

Alternative scenario: Below 99.2 look for further downside with 98.9 98.2 as targets.

Comment: the pair is supported by an ascending trend line while the RSI is above a support: a rebound can be expected.

Key levels

100.85

100.65

100.4

99.555 last

99.2

98.9

98.2

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