Tanalys

EUR/JPY intraday: bullish bias above 138.8.

Pivot: 138.8

Our preference: Long positions above 138.8 with targets @ 140.6 141 in extension.

Alternative scenario: Below 138.8 look for further downside with 138.1 137.55 as targets.

Comment: the pair remains on the upside and is breaking above its previous high as the RSI is well directed.

Key levels

141.45

141

140.6

139.828 last

138.8

138.1

137.55

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