Tanalys

EUR/JPY intraday: rebound expected.

Pivot: 127.65

Our preference: Long positions above 127.65 with targets @ 129.4 130.7 in extension.

Alternative scenario: Below 127.65 look for further downside with 126.1 125.6 as targets.

Comment: the RSI is bullish and calls for further advance.

Key levels

131.4

130.7

129.4

129.02 last

127.65

126.1

125.6

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