Tanalys

EUR/JPY Intraday: bullish bias above 135.1.

Pivot: 135.1

Our preference: Long positions above 135.1 with targets @ 136.6 137.1 in extension.

Alternative scenario: Below 135.1 look for further downside with 134.1 133.75 as targets.

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

Supports and resistances:

137.8

137.1

136.6

135.85 Last

135.1

134.1

133.75

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