Tanalys

EUR/JPY Intraday: bullish bias above 134.8.

Pivot: 134.8

Our preference: Long positions above 134.8 with targets @ 136.9 138.05 in extension.

Alternative scenario: Below 134.8 look for further downside with 134 133 as targets.

Comment: A support base at 134.8 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

138.9 **

138.05 ***

136.9 ***

135.44 Last

134.8 ***

134 ***

133 **

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