Source: PaxForex Premium Analytics Portal, Technical Insight
The European Central Bank (ECB) is reportedly still negotiating the terms and legal aspects of a new anti-fragmentation instrument.
EUR/JPY,D1
Pivot: 137.71
Analysis:
While the price is above 139.40, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 141.36
- Take Profit 1: 142.40
- Take Profit 2: 144.20
Alternative scenario:
If the level 139.40 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 139.40
- Take profit 1: 136.70
- Take Profit 2: 134.70
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 145.20 | 139.40 |
| 144.20 | 136.70 |
| 142.40 | 134.70 |
