EUR/JPY | Euro to Japanese Yen Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

EUR/JPY: JPY trades strong but the upside is limited by dovish BoJ.

EUR/JPY,D1

Pivot: 158.15

Analysis:

While the price is above 155.80, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 158.15
• Take Profit 1: 160.00
• Take Profit 2: 162.00

Alternative scenario:

If the level 155.80 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 155.80
• Take profit 1: 154.00
• Take Profit 2: 152.00

Comment:

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

Key levels: