Tanalys

EUR/JPY ST: capped by a negative trend line.

Pivot: 139

Our preference: Short positions below 139 with targets @ 131.3 128.5 in extension.

Alternative scenario: Above 139 look for further upside with 141 144.95 as targets.

Comment: The pair is posting a rebound but remains capped by a declining trend line.

Supports and resistances:

144.95 ***

141 ***

139 ***

136.2750 Last

131.3 ***

128.5 **

126 ***

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