Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/JPY battles 142.50, upside remains favored ahead of ECB policy.
EUR/JPY,D1
Pivot: 138.93
Analysis:
While the price is above 139.50, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 141.68
- Take Profit 1: 142.30
- Take Profit 2: 144.25
Alternative scenario:
If the level 139.50 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 139.50
- Take profit 1: 138.60
- Take Profit 2: 137.80
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 145.00 | 139.00 |
| 144.25 | 138.60 |
| 142.30 | 137.80 |
