EUR/JPY | Euro to Japanese Yen Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

ECB, Nagel: the rise in inflation is not just the result of temporary factors.

EUR/JPY,D1

Pivot: 131.18

Analysis:

While the price is above 128.47, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 131.18
• Take Profit 1: 132.00
• Take Profit 2: 133.55

Alternative scenario:

If the level 128.47 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 128.47
• Take profit 1: 125.88
• Take Profit 2: 124.34

Comment:

RSI shows the possibility of an uptrend in the medium term.

Key levels: