Tanalys

EUR/JPY Intraday: bullish bias above 135.6.

Pivot: 135.6

Our preference: Long positions above 135.6 with targets @ 137.25 137.9 in extension.

Alternative scenario: Below 135.6 look for further downside with 134.4 133.75 as targets.

Comment: A support base at 135.6 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

138.7 *

137.9 **

137.25 ***

136.24 Last

135.6 ***

134.4 *

133.75 *

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