Source: PaxForex Premium Analytics Portal, Technical Insight

EUR/JPY remains under pressure and is testing 128.00.

EUR/JPY,D1

Pivot: 128.04

Analysis:

While the price is below 129.20, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 128.04
• Take Profit 1: 127.84
• Take Profit 2: 127.03

Alternative scenario:

If the level 129.20 is broken-out, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 129.20
• Take profit 1: 130.20
• Take Profit 2: 131.00

Comment:

RSI shows the possibility of a downtrend in the medium term.

Key levels: