Source: PaxForex Premium Analytics Portal, Technical Insight
ECB head Lagarde: so far we see no signs that inflationary pressures are becoming widespread.
EUR/JPY,D1
Pivot: 130.26
Analysis:
While the price is above 128.36, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 130.26
- Take Profit 1: 131.00
- Take Profit 2: 132.10
Alternative scenario:
If the level 128.36 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 128.36
- Take profit 1: 126.72
- Take Profit 2: 125.75
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 133.08 | 128.36 |
| 132.10 | 126.72 |
| 131.00 | 125.75 |
