Tanalys

EUR/JPY intraday: the downside prevails.

Pivot: 120.25

Our preference: Short positions below 120.25 with targets @ 119.45 118.9 in extension.

Alternative scenario: Above 120.25 look for further upside with 120.95 121.35 as targets.

Comment: a break below 119.45 would trigger a drop towards 118.9.

Key levels

121.35

120.95

120.25

119.62 last

119.45

118.9

118.5

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