Tanalys

EUR/JPY Intraday: key resistance at 128.75.

Pivot: 128.75

Our preference: short positions below 128.75 with targets @ 127.9 127.6 in extension.

Alternative scenario: above 128.75 look for further upside with 129.1 129.5 as targets.

Comment: as long as 128.75 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

129.5 ***

129.1 ***

128.75 ***

128.37 Last

127.9 ***

127.6 ***

127.3 ***

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