Tanalys

EUR/JPY intraday: bullish bias above 127.75.

Pivot: 127.75

Our preference: Long positions above 127.75 with targets @ 129.55 129.85 in extension.

Alternative scenario: Below 127.75 look for further downside with 127 126.35 as targets.

Comment: technically, the RSI is above its neutrality area at 50.

Key levels

130.25

129.85

129.55

128.716 last

127.75

127

126.35

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