Tanalys

EUR/JPY intraday: key ST resistance at 129.9.

Pivot: 129.9

Our preference: Short positions below 129.9 with targets @ 128.9 128 in extension.

Alternative scenario: Above 129.9 look for further upside with 130.8 131.5 as targets.

Comment: as long as 129.9 is resistance, look for choppy price action with a bearish bias.

Key levels

131.5

130.8

129.9

129.76 last

128.9

128

127.5

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