Source: PaxForex Premium Analytics Portal, Technical Insight
The EUR/JPY will rise to resistance at 130.75/131.10- Credit Suisse.
EUR/JPY,D1
Pivot: 129.39
Analysis:
While the price is above 129.20, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 129.39
- Take Profit 1: 130.20
- Take Profit 2: 131.00
Alternative scenario:
If the level 129.20 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 129.20
- Take profit 1: 127.84
- Take Profit 2: 127.03
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 132.22 | 129.20 |
| 131.00 | 127.84 |
| 130.20 | 127.03 |
