Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/JPY moves above 173.00, reacts positively to Le Pen National Rally’s sweep.
EUR/JPY,D1
Pivot: 173.47
Analysis:
While the price is above 171.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 173.47
- Take Profit 1: 175.00
- Take Profit 2: 177.00
Alternative scenario:
If the level 171.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 171.00
- Take profit 1: 169.50
- Take Profit 2: 167.00
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 178.00 | 171.00 |
| 177.00 | 169.00 |
| 175.00 | 167.00 |
