Tanalys

USD/JPY Intraday: turning down.

Pivot: 104.45

Our preference: Short positions below 104.45 with targets @ 103.9 103.5 in extension.

Alternative scenario: Above 104.45 look for further upside with 104.75 104.9 as targets.

Comment: the RSI is bearish and calls for further decline.

Supports and resistances:

104.9

104.75

104.45

104.17 Last

103.9

103.5

103.2

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