Tanalys

EUR/JPY intraday: bullish bias above 125.8.

Pivot: 125.8

Our preference: Long positions above 125.8 with targets @ 128 129 in extension.

Alternative scenario: Below 125.8 look for further downside with 124.9 124.25 as targets.

Comment: a support base at 125.8 has formed and has allowed for a temporary stabilisation.

Key levels

129.9

129

128

126.278 last

125.8

124.9

124.25

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