Tanalys

EUR/JPY intraday: bullish bias above 128.45.

Pivot: 128.45

Our preference: Long @ 128.6 with targets @ 129.85 130.55 in extension.

Alternative scenario: Below 128.45 look for further downside with 127.95 127.45 as targets.

Comment: the pair has struck against its previous high and is facing a pull back ahead of further advance.

Key levels

131.1

130.55

129.85

129.376 last

128.45

127.95

127.45

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