Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/JPY cracks 15-year high, sees 161.00.
EUR/JPY,D1
Pivot: 160.99
Analysis:
While the price is above 157.75, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 160.99
- Take Profit 1: 162.00
- Take Profit 2: 164.00
Alternative scenario:
If the level 157.75 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 157.75
- Take profit 1: 155.80
- Take Profit 2: 154.00
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 165.00 | 157.75 |
| 164.00 | 155.80 |
| 162.00 | 154.00 |
