Tanalys

EUR/JPY Intraday: bullish bias above 128.55.

Pivot: 128.55

Our preference: Long positions above 128.55 with targets @ 129.8 130.2 in extension.

Alternative scenario: Below 128.55 look for further downside with 128 127.5 as targets.

Comment: A support base at 128.55 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

130.85 **

130.2 **

129.8 *

129.3800 Last

128.55 ***

128 *

127.5 *

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