Tanalys

EUR/JPY intraday: bullish bias above 129.4.

Pivot: 129.4

Our preference: Long positions above 129.4 with targets @ 131.1 131.4 in extension.

Alternative scenario: Below 129.4 look for further downside with 129 128.45 as targets.

Comment: the RSI lacks downward momentum.

Key levels

132

131.4

131.1

130.377 last

129.4

129

128.45

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