EUR/JPY | Euro to Japanese Yen Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

Japan, Suzuki: watching the effects of a weaker yen "with a sense of urgency".

EUR/JPY,D1

Pivot: 136.01

Analysis:

While the price is above 134.25, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 136.01
• Take Profit 1: 137.60
• Take Profit 2: 140.00

Alternative scenario:

If the level 134.25 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 134.25
• Take profit 1: 132.65
• Take Profit 2: 130.45

Comment:

RSI shows the possibility of an uptrend in the medium term.

Key levels: