Tanalys

EUR/JPY intraday: turning down.

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: the pair is breaking below its support and should face further weakness as the RSI is badly directed.

Key levels

131.5

130.8

129.9

129.158 last

128.9

128

127.5

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