Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/JPY fades part of the auspicious start of the week and probes the 141.00 neighbourhood on Tuesday.
EUR/JPY,D1
Pivot: 142.81
Analysis:
While the price is above 143.00, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 142.81
- Take Profit 1: 141.50
- Take Profit 2: 140.00
Alternative scenario:
If the level 143.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 143.00
- Take profit 1: 144.20
- Take Profit 2: 145.60
Comment:
RSI shows the possibility of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 145.60 | 141.50 |
| 144.20 | 140.00 |
| 143.00 | 139.00 |
