Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/JPY advances as the Wednesday Asian session begins after printing two consecutive days of losses, which witnessed the EUR/JPY pair falling from around the 151.00 figure toward the low 150.00s
EUR/JPY,D1
Pivot: 149.13
Analysis:
While the price is above 146.80, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 149.13
- Take Profit 1: 151.50
- Take Profit 2: 153.00
Alternative scenario:
If the level 146.80 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 146.80
- Take profit 1: 145.40
- Take Profit 2: 143.00
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 154.00 | 146.80 |
| 153.00 | 145.40 |
| 151.50 | 143.00 |
