EUR/JPY | Euro to Japanese Yen Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

ECB, Lane: markets may not have fully digested the communicative policy yet.

EUR/JPY,D1

Pivot: 133.03

Analysis:

While the price is above 130.76, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 133.03
• Take Profit 1: 134.00
• Take Profit 2: 135.82

Alternative scenario:

If the level 130.76 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 130.76
• Take profit 1: 128.44
• Take Profit 2: 127.06

Comment:

RSI shows the possibility of an uptrend in the medium term.

Key levels: