Tanalys

EUR/JPY intraday: intraday support around 127.85.

Pivot: 127.85

Our preference: Long positions above 127.85 with targets @ 128.8 129.4 in extension.

Alternative scenario: Below 127.85 look for further downside with 127.15 126.9 as targets.

Comment: a support base at 127.85 has formed and has allowed for a temporary stabilisation.

Key levels

129.85

129.4

128.8

128.1 last

127.85

127.15

126.9

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