Tanalys

USD/JPY intraday: rebound.

Pivot: 96.95

Our preference: Long positions above 96.95 with targets @ 98.2 98.5 in extension.

Alternative scenario: Below 96.95 look for further downside with 96.55 96.1 as targets.

Comment: the pair has broken above its resistance and should post further advance as the RSI is well directed.

Key levels

98.9

98.5

98.2

97.929 last

96.95

96.55

96.1

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