Tanalys

EUR/JPY intraday: bullish bias above 129.7.

Pivot: 129.7

Our preference: Long positions above 129.7 with targets @ 130.9 131.55 in extension.

Alternative scenario: Below 129.7 look for further downside with 129.3 128.85 as targets.

Comment: the RSI lacks downward momentum.

Key levels

131.95

131.55

130.9

130.033 last

129.7

129.3

128.85

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