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: