Tanalys

EUR/JPY Intraday: bullish bias above 144.7.

EUR/JPY Intraday: bullish bias above 144.7.

Pivot: 144.7

Our preference: Long positions above 144.7 with targets @ 146.7 147.4 in extension.

Alternative scenario: Below 144.7 look for further downside with 144.25 143.85 as targets.

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

Supports and resistances:

148

147.4

146.7

145.46 Last

144.7

144.25

143.85

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