Source: PaxForex Premium Analytics Portal, Technical Insight
Bank of Japan: chances of inflation rising to 2% as price increases become more widespread.
EUR/JPY,D1
Pivot: 128.73
Analysis:
While the price is above 128.40, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 128.73
- Take Profit 1: 130.00
- Take Profit 2: 131.55
Alternative scenario:
If the level 128.40 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 128.40
- Take profit 1: 125.81
- Take Profit 2: 124.26
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
Resistance | Support |
135.21 | 128.40 |
133.00 | 125.88 |
131.55 | 124.34 |