Tanalys

EUR/JPY intraday: 130.85 expected.

Pivot: 129.55

Our preference: Long positions above 129.55 with targets @ 130.55 130.85 in extension.

Alternative scenario: Below 129.55 look for further downside with 129.15 128.85 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Key levels

131.25

130.85

130.55

130.191 last

129.55

129.15

128.85

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