Tanalys

EUR/JPY Intraday: key resistance at 140.5.

Pivot: 140.5

Our preference: Short positions below 140.5 with targets @ 139.5 139 in extension.

Alternative scenario: Above 140.5 look for further upside with 140.85 141.25 as targets.

Comment: as long as 140.5 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

141.25

140.85

140.5

140.11 Last

139.5

139

138.6

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