EUR/JPY | Euro to Japanese Yen Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

Cazacs, ECB: September rate hike should be quite significant.

EUR/JPY,D1

Pivot: 138.98

Analysis:

While the price is above 138.20, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 138.98
• Take Profit 1: 140.70
• Take Profit 2: 142.40

Alternative scenario:

If the level 138.20 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 138.20
• Take profit 1: 136.70
• Take Profit 2: 134.70

Comment:

If the level 138.20 is broken-down, follow the recommendations below:

Key levels: