Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/JPY gains ground following high-tier European data.
EUR/JPY,D1
Pivot: 157.38
Analysis:
While the price is above 154.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 157.38
- Take Profit 1: 158.00
- Take Profit 2: 159.00
Alternative scenario:
If the level 154.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 154.00
- Take profit 1: 152.50
- Take Profit 2: 151.40
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 160.00 | 154.00 |
| 159.00 | 152.50 |
| 158.00 | 151.40 |
