Tanalys

EUR/JPY Intraday: bullish bias above 134.95.

Pivot: 134.95

Our preference: Long positions above 134.95 with targets @ 135.6 135.95 in extension.

Alternative scenario: Below 134.95 look for further downside with 134.3 133.75 as targets.

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

Supports and resistances:

136.4 ***

135.95 ***

135.6 ***

135.21 Last

134.95 ***

134.3 **

133.75 ***

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