Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/JPY edges up 0.44%, extending its winning streak to seven days amid positive market sentiment.
EUR/JPY,D1
Pivot: 169.26
Analysis:
While the price is above 165.50, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 169.26
- Take Profit 1: 171.00
- Take Profit 2: 173.00
Alternative scenario:
If the level 165.50 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 165.50
- Take profit 1: 164.00
- Take Profit 2: 163.00
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 175.00 | 165.50 |
| 173.00 | 164.00 |
| 171.00 | 163.00 |
