Tanalys

EUR/JPY Intraday: intraday support around 135.4.

Pivot: 135.4

Our preference: Long positions above 135.4 with targets @ 136.46 136.8 in extension.

Alternative scenario: Below 135.4 look for further downside with 134.95 134.5 as targets.

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

Supports and resistances:

137.3 **

136.8 ***

136.46 **

135.7235 Last

135.4 **

134.95 **

134.5 ***

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