Source: PaxForex Premium Analytics Portal, Technical Insight
Bank of Japan, Kuroda: The rapid weakening of the yen is not due to central bank policy.
EUR/JPY,D1
Pivot: 138.43
Analysis:
While the price is above 134.25, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 138.43
- Take Profit 1: 140.00
- Take Profit 2: 141.30
Alternative scenario:
If the level 134.25 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 134.25
- Take profit 1: 132.65
- Take Profit 2: 131.65
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 142.50 | 135.25 |
| 141.30 | 132.65 |
| 140.00 | 131.65 |
