Tanalys

EUR/JPY Intraday: bullish bias above 147.4.

Pivot: 147.4

Our preference: Long positions above 147.4 with targets @ 148.2 148.45 in extension.

Alternative scenario: Below 147.4 look for further downside with 147.05 146.8 as targets.

Comment: A support base at 147.4 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

148.95 ***

148.45 ***

148.2 ***

147.62 Last

147.4 **

147.05 **

146.8 ***

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