Source: PaxForex Premium Analytics Portal, Technical Insight
The EUR/JPY has sensed barricades around 143.40 after a less-confident pullback in the early Asian session. The asset witnessed a steep fall on Tuesday after failing to recapture the critical resistance of 144.47.
EUR/JPY,D1
Pivot: 143.28
Analysis:
While the price is above 141.30, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 143.28
- Take Profit 1: 144.25
- Take Profit 2: 145.60
Alternative scenario:
If the level 141.30 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 141.30
- Take profit 1: 140.50
- Take Profit 2: 139.50
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
Resistance | Support |
147.00 | 141.30 |
145.60 | 140.50 |
144.25 | 139.50 |