Tanalys

EUR/JPY Intraday: key resistance at 130.75.

Pivot: 130.75

Our preference: Short positions below 130.75 with targets @ 129 128 in extension.

Alternative scenario: Above 130.75 look for further upside with 131.9 132.6 as targets.

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

Supports and resistances:

132.6 **

131.9 ***

130.75 ***

129.91 Last

129 ***

128 ***

127.4 **

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