Tanalys

EUR/JPY Intraday: bullish bias above 138.85.

Pivot: 138.85

Our preference: Long positions above 138.85 with targets @ 139.35 139.55 in extension.

Alternative scenario: Below 138.85 look for further downside with 138.55 138.1 as targets.

Comment: A support base at 138.85 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

139.9

139.55

139.35

138.9839 Last

138.85

138.55

138.1

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