EUR/JPY Intraday: rebound in sight.
Pivot: 171.45
Our preference: long positions above 171.45 with targets at 173.00 & 173.45 in extension.
Alternative scenario: below 171.45 look for further downside with 170.90 & 170.30 as targets.
Comment: a support base at 171.45 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
174.00
173.45
173.00
172.37 Last
171.45
170.90
170.30
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