Tanalys

USD/JPY intraday: watch 97.2.

Pivot: 98.45

Our preference: Short positions below 98.45 with targets @ 97.2 96.55 in extension.

Alternative scenario: Above 98.45 look for further upside with 98.95 99.6 as targets.

Comment: the pair is posting a rebound but stands below its new resistance.

Key levels

99.6

98.95

98.45

97.774 last

97.2

96.55

95.75

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