Source: PaxForex Premium Analytics Portal, Technical Insight
Japan's Finance Minister Suzuki: If necessary, we will take appropriate steps on the forex market.
EUR/JPY,D1
Pivot: 141.21
Analysis:
While the price is above 140.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 141.21
- Take Profit 1: 144.00
- Take Profit 2: 146.00
Alternative scenario:
If the level 140.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 140.00
- Take profit 1: 138.35
- Take Profit 2: 136.85
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 147.50 | 140.00 |
| 146.00 | 138.35 |
| 144.00 | 136.85 |
