Tanalys

USD/JPY intraday: target 99.4.

Pivot: 98.5

Our preference: Long positions above 98.5 with targets @ 99.1 99.4 in extension.

Alternative scenario: Below 98.5 look for further downside with 97.9 97.6 as targets.

Comment: the RSI has just broken above a declining trend line.

Key levels

99.65

99.4

99.1

98.811 last

98.5

97.9

97.6

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