Tanalys

EUR/JPY intraday: bullish bias above 134.3.

Pivot: 134.3

Our preference: Long positions above 134.3 with targets @ 135.55 136.3 in extension.

Alternative scenario: Below 134.3 look for further downside with 133.55 133.25 as targets.

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

Key levels

136.75

136.3

135.55

134.89 last

134.3

133.55

133.25

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