USD/JPY First Resistance Could Hold A Bounce

USD/JPY first resistance at 102.80/85 could hold a bounce, but above here look for a selling opportunity at 103.25/30. Shorts need stops above 103.65 for the next target and selling opportunity at 104.05/15.

First support at 102.30/25, but be ready to sell a break below 101.90 to target 101.75, 101.50/45 and perhaps as far as 101.25/20. Further losses target minor support at 101.100/100.90.