Source: PaxForex Premium Analytics Portal, Technical Insight
ECB Lagarde’s middling comments did little to support Fiber bids.
EUR/JPY,D1
Pivot: 163.93
Analysis:
While the price is above 160.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 166.93
- Take Profit 1: 165.00
- Take Profit 2: 167.00
Alternative scenario:
If the level 160.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 160.00
- Take profit 1: 158.00
- Take Profit 2: 156.00
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 169.00 | 160.00 |
| 167.00 | 158.00 |
| 165.00 | 156.00 |
