Tanalys

EUR/JPY intraday: intraday support around 138.8.

Pivot: 138.8

Our preference: Long positions above 138.8 with targets @ 139.7 140.6 in extension.

Alternative scenario: Below 138.8 look for further downside with 138.1 137.55 as targets.

Comment: a support base at 138.8 has formed and has allowed for a temporary stabilisation.

Key levels

141

140.6

139.7

139.054 last

138.8

138.1

137.55

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