Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/JPY picks up bids to 140.80 while paring the biggest daily loss in nearly a month during Wednesday’s sluggish Asian session.
EUR/JPY,D1
Pivot: 140.75
Analysis:
While the price is below 140.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 140.75
- Take Profit 1: 142.00
- Take Profit 2: 142.90
Alternative scenario:
If the level 140.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 140.00
- Take profit 1: 138.80
- Take Profit 2: 137.80
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 143.50 | 140.00 |
| 142.90 | 138.80 |
| 142.00 | 137.80 |
