Tanalys

EUR/JPY intraday: capped by a negative trend line.

Pivot: 129.45

Our preference: Short positions below 129.45 with targets @ 128.6 128.15 in extension.

Alternative scenario: Above 129.45 look for further upside with 129.85 130.3 as targets.

Comment: the pair remains capped by a declining trend line and is challenging its support.

Key levels

130.3

129.85

129.45

128.72 last

128.6

128.15

127.75

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