Source: PaxForex Premium Analytics Portal, Technical Insight

The EUR/JPY pair is struggling to extend its gains above the immediate resistance of 144.40 in the Asian session. The cross is expected to extend its upside journey as the release of the dovish Bank of Japan (BoJ) minutes has impacted the Japanese Yen.

EUR/JPY,D1

Pivot: 144.51

Analysis:

While the price is above 143.00, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 144.51
• Take Profit 1: 145.60
• Take Profit 2: 147.00

Alternative scenario:

If the level 143.00 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 143.00
• Take profit 1: 141.50
• Take Profit 2: 140.00

Comment:

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

Key levels: