Source: PaxForex Premium Analytics Portal, Technical Insight
The Bank of Japan is conducting an emergency market operation, offering to buy 10-25 year JGBs.
EUR/JPY,D1
Pivot: 135.41
Analysis:
While the price is above 130.60, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 135.41
- Take Profit 1: 137.50
- Take Profit 2: 139.00
Alternative scenario:
If the level 130.60 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 130.60
- Take profit 1: 127.90
- Take Profit 2: 126.40
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 139.50 | 130.60 |
| 139.00 | 127.90 |
| 137.50 | 126.40 |
