Tanalys

EUR/JPY Intraday: bullish bias above 132.7.

Pivot: 132.7

Our preference: Long positions above 132.7 with targets @ 133.7 134.65 in extension.

Alternative scenario: Below 132.7 look for further downside with 132.2 131.4 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

135.35 ***

134.65 ***

133.7 ***

133.06 Last

132.7 ***

132.2 **

131.4 **

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