Tanalys

EUR/JPY Intraday: bullish bias above 141.25.

Pivot: 141.25

Our preference: Long positions above 141.25 with targets @ 141.9 142.2 in extension.

Alternative scenario: Below 141.25 look for further downside with 140.95 140.4 as targets.

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

Supports and resistances:

142.55

142.2

141.9

141.52 Last

141.25

140.95

140.4

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