Tanalys

EUR/JPY intraday: range.

Pivot: 131.55

Our preference: Long positions above 131.55 with targets @ 132 132.35 in extension.

Alternative scenario: Below 131.55 look for further downside with 131 130.35 as targets.

Comment: a support base at 131.55 has formed and has allowed for a temporary stabilisation.

Key levels

132.7

132.35

132

131.586 last

131.55

131

130.35

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