Source: PaxForex Premium Analytics Portal, Technical Insight
Bank of Japan, Amamiya: Omicron strain raises uncertainty for Japan's economic outlook.
EUR/JPY,D1
Pivot: 127.99
Analysis:
While the price is below 131.26, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 127.99
- Take Profit 1: 127.00
- Take Profit 2: 126.04
Alternative scenario:
If the level 131.26 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 131.26
- Take profit 1: 133.65
- Take Profit 2: 135.07
Comment:
RSI shows the possibility of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 135.07 | 127.00 |
| 133.65 | 126.04 |
| 131.26 | 124.62 |
