Source: PaxForex Premium Analytics Portal, Technical Insight
ECB, de Kos: Ukrainian crisis will have a negative economic impact and increase inflationary pressure.
EUR/JPY,D1
Pivot: 129.73
Analysis:
While the price is above 128.30, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 129.73
- Take Profit 1: 130.40
- Take Profit 2: 133.15
Alternative scenario:
If the level 128.30 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 128.30
- Take profit 1: 126.40
- Take Profit 2: 124.30
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 135.61 | 128.30 |
| 133.15 | 126.40 |
| 130.40 | 124.30 |
