Tanalys

EUR/JPY Intraday: key resistance at 131.05.

Pivot: 131.05

Our preference: Short positions below 131.05 with targets @ 130.35 129.9 in extension.

Alternative scenario: Above 131.05 look for further upside with 131.5 131.95 as targets.

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

Supports and resistances:

131.95 ***

131.5 ***

131.05 ***

130.7 Last

130.35 ***

129.9 **

129.35 **

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