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: