Source: PaxForex Premium Analytics Portal, Technical Insight
The Bank of Japan is considering the possibility of making changes to its post-pandemic support programs.
EUR/JPY,D1
Pivot: 129.44
Analysis:
While the price is below 131.26, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 129.44
- Take Profit 1: 128.50
- Take Profit 2: 126.04
Alternative scenario:
If the level 131.26 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 131.26
- Take profit 1: 133.65
- Take Profit 2: 135.07
Comment:
RSI shows the possibility of a downtrend in the medium term.
Key levels:
Resistance | Support |
135.07 | 128.50 |
133.65 | 126.04 |
131.26 | 124.62 |