Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/JPY: aiming further at 130.50.
EUR/JPY,D1
Pivot: 129.36
Analysis:
While the price is below 130.39, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 129.36
- Take Profit 1: 128.50
- Take Profit 2: 126.66
Alternative scenario:
If the level 130.39 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 130.39
- Take Profit 1: 132.12
- Take Profit 2: 133.15
Comment:
RSI shows the development of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 133.15 | 128.50 |
| 132.12 | 126.66 |
| 130.39 | 125.64 |
