Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/JPY struggles to justify growth optimism for the bloc around 144.00, EU/Japan PMIs eyed.
EUR/JPY,D1
Pivot: 144.01
Analysis:
While the price is above 143.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 144.01
- Take Profit 1: 145.60
- Take Profit 2: 146.60
Alternative scenario:
If the level 143.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 143.00
- Take profit 1: 142.00
- Take Profit 2: 141.50
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 147.00 | 143.00 |
| 146.60 | 142.00 |
| 145.60 | 141.50 |
