Tanalys

EUR/JPY intraday: key ST resistance at 130.4.

Pivot: 130.4

Our preference: Short positions below 130.4 with targets @ 129.55 129.2 in extension.

Alternative scenario: Above 130.4 look for further upside with 131.05 131.35 as targets.

Comment: the upward potential is likely to be limited by the resistance at 130.4.

Key levels

131.35

131.05

130.4

130.203 last

129.55

129.2

128.9

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