Tanalys

USD/JPY MT: rebound.

Pivot: 93.50

Our Preference: LONG position above 93.5 with 103.8 106 in sight.

Alternative Scenario: Below 93.5 down move to 90.85 87.5.

Comment: the pair has rebounded and is breaking above its resistance as the RSI is well directed.

Trend: ST Ltd Upside; MT Range, we have been bullish since 2 JUL 2013 (99.93).

Key levels Comment

108.50 *** Horizontal resistance

106.00 ** Horizontal resistance

103.80 *** Horizontal resistance

99.36 Last

93.50 *** MT pivot point

90.85 *** Horizontal support

87.50 ** Horizontal support

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