Tanalys

EUR/JPY intraday: bullish bias above 131.

Pivot: 131

Our preference: Long positions above 131 with targets @ 131.85 132.35 in extension.

Alternative scenario: Below 131 look for further downside with 130.6 130 as targets.

Comment: the RSI has just broken above a declining trend line.

Key levels

132.85

132.35

131.85

131.303 last

131

130.6

130

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