Tanalys

USD/JPY MT: key ST resistance at 100.

Pivot: 100.00

Our Preference: SHORT position below 100 with 90.85 87.5 in sight.

Alternative Scenario: Above 100 up move to 103.8 106.

Comment: the pair has broken below its 100-psychological support and remains below its 50-day moving average.

Trend: ST Ltd Downside; MT Range, we have been bearish since 19 JUN 2013 (95.06).

Key levels Comment

106.00 ** Horizontal resistance

103.80 *** Horizontal resistance

100.00 *** MT pivot point

97.6 Last

90.85 *** Horizontal support

87.50 ** Horizontal support

84.00 *** Horizontal support

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