Source: PaxForex Premium Analytics Portal, Technical Insight
Reuters reported that Bank of Japan Governor Haruhiko Kuroda said on Tuesday that the central bank's proposal to buy an unlimited amount of government bonds reflects the regulator's view that the country's recent rise in long-term interest rates was driven by factors unrelated to its economy.
EUR/JPY,D1
Pivot: 131.48
Analysis:
While the price is above 128.40, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 131.48
- Take Profit 1: 133.00
- Take Profit 2: 135.00
Alternative scenario:
If the level 128.40 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 128.40
- Take profit 1: 125.81
- Take Profit 2: 124.26
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 136.21 | 128.40 |
| 135.00 | 125.88 |
| 133.00 | 124.34 |
