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: