Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/JPY corrects lower following the move to fresh highs in the 148.60/65 band, an area last seen back in later December 2014.
EUR/JPY,D1
Pivot: 146.77
Analysis:
While the price is above 144.50, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 146.77
- Take Profit 1: 148.00
- Take Profit 2: 149.00
Alternative scenario:
If the level 144.50 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 144.50
- Take profit 1: 143.75
- Take Profit 2: 142.60
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 150.00 | 144.50 |
| 149.00 | 143.75 |
| 148.00 | 142.60 |
