Tanalys

EUR/JPY MT: further advance.

Pivot: 127.50

Our Preference: LONG position above 127.5 with 134 138.45 in sight.

Alternative Scenario: Below 127.5 down move to 124.5 118.5.

Comment: the pair has validated a continuation triangle which calls for further advance.

Trend: ST Ltd Upside; MT Bullish, we have been bullish since 9 SEP 2012 (102.3).

Key levels Comment

143.00 ** Horizontal resistance

138.45 *** Horizontal resistance

134.00 ** Horizontal resistance

132.96 Last

127.50*** MT pivot point

124.50*** Horizontal support

118.50*** Horizontal support

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