Source: PaxForex Premium Analytics Portal, Technical Insight
ECB, Casimir: there is a risk that elevated inflation will persist for a long time.
EUR/JPY,D1
Pivot: 128.73
Analysis:
While the price is above 125.98, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 128.73
- Take Profit 1: 129.50
- Take Profit 2: 131.55
Alternative scenario:
If the level 125.98 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 125.98
- Take profit 1: 123.37
- Take Profit 2: 121.82
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 133.10 | 125.98 |
| 131.55 | 123.37 |
| 129.50 | 121.82 |
