Source: PaxForex Premium Analytics Portal, Technical Insight
Lagarde: there is a possibility of a larger rate hike in September.
EUR/JPY,D1
Pivot: 142.56
Analysis:
While the price is above 140.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 142.56
- Take Profit 1: 145.00
- Take Profit 2: 147.00
Alternative scenario:
If the level 140.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 140.00
- Take profit 1: 138.35
- Take Profit 2: 136.85
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
Resistance | Support |
147.50 | 140.00 |
147.00 | 138.35 |
145.00 | 136.85 |