Tanalys

USD/JPY intraday: the upside prevails.

Pivot: 93.70.

Our preference: LONG positions above 93.7 with 94.9 95.15 as next targets.

Alternative scenario: The downside penetration of 93.7 will call for a slide towards 93.3 93.05.

Comment: the pair has broken above its resistance and remains on the upside, the RSI is well directed but is also overbought.

Trend: ST Consolidation; MT Bullish

Key levels Comment

95.5** Intraday resistance

95.15** Intraday resistance

94.9** Intraday resistance

94.78 Last

93.7*** Intraday pivot point

93.3** Intraday support

93.05*** Intraday support

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