USD/JPY Intraday:

2016-10-07

USD/JPY Intraday: intraday support around 103.30.
Pivot: 103.30

Our preference: long positions above 103.30 with targets at 104.30 & 104.85 in extension.

Alternative scenario: below 103.30 look for further downside with 102.65 & 102.00 as targets.

Comment: a support base at 103.30 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
105.25 **
104.85 ***
104.30 ***
103.88 Last
103.30 ***
102.65 ***
102.00 ***