Tanalys

USD/JPY MT: bullish bias above 96.65.

Pivot: 96.65

Our Preference: LONG position above 96.65 with 101.5 103.8 in sight.

Alternative Scenario: Below 96.65 down move to 94.5 90.85.

Comment: the pair has validated a bullish flag and is pulling back on a rising trend line.

Trend: ST Consolidation; MT Bullish, we have been bullish since 2 JUL 2013 (99.93).

Key levels Comment

106.00 ** Horizontal resistance

103.80 *** Horizontal resistance

101.50 ** Horizontal resistance

98.51 Last

96.65 ** MT pivot point

94.50 *** Horizontal support

90.85 ** Horizontal support

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