Tanalys

USD/JPY MT: ST consolidation in place.

Pivot: 101.50

Our Preference: SHORT position below 101.5 with 94 in sight.

Alternative Scenario: Above 101.5 up move to 103.8 106.

Comment: the 101.5 resistance maintains a bearish bias.

Trend: ST Ltd Downside; MT Range, we have been bearish since 9 OCT 2013 (97.34).

Key levels Comment

106.00 ** Horizontal resistance

103.80 *** Horizontal resistance

101.50 ** MT pivot point

97.4 Last

94.00 ** Horizontal support

90.85 ** Horizontal support

88.00 ** Horizontal support

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