Source: PaxForex Premium Analytics Portal, Technical Insight
The EUR/JPY's recovery looks solid and the pair rose to 130.00 for the third consecutive day.
EUR/JPY,D1
Pivot: 129.87
Analysis:
While the price is above 128.33, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 129.87
- Take Profit 1: 130.50
- Take Profit 2: 132.86
Alternative scenario:
If the level 128.33 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 128.33
- Take profit 1: 126.72
- Take Profit 2: 125.76
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 133.82 | 128.33 |
| 132.86 | 126.72 |
| 130.50 | 125.76 |
