Source: PaxForex Premium Analytics Portal, Technical Insight
Japan, Suzuki: closely watching the forex effect on the economy with a sense of urgency.
EUR/JPY,D1
Pivot: 135.96
Analysis:
While the price is above 134.25, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 135.96
- Take Profit 1: 138.30
- Take Profit 2: 140.00
Alternative scenario:
If the level 134.25 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 134.25
- Take profit 1: 132.65
- Take Profit 2: 130.45
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
Resistance | Support |
141.50 | 134.25 |
140.00 | 132.65 |
137.60 | 130.45 |