MARKET ANALYSIS - Intraday Analysis USD/JPY Upwards scenario: - TopicsExpress

MARKET ANALYSIS - Intraday Analysis USD/JPY Upwards scenario: Neutral channel formation is likely scenario for today. Though, possible clearance of our next resistive barrier at 98.71 (R1) would suggest next intraday targets at 98.96 (R2) and 99.20 (R3) in potential. Downwards scenario: On the downside, next support level locates at 98.09 (S1). Possible penetration below this mark would open way towards to next target at 97.85 (S2) and then any further market decline would be limited to last mark at 97.59 (S3). Resistance Levels: 98.71, 98.96, 99.20 Support Levels: 98.09, 97.85, 97.59

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