Source: PaxForex Premium Analytics Portal, Technical Insight
Bank of England, Bailey: Britain's recovery is uneven.
EUR/JPY,D1
Pivot: 1.7114
Analysis:
While the price is below 1.7489, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.7114
- Take Profit 1: 1.6993
- Take Profit 2: 1.6854
Alternative scenario:
If the level 1.7489 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.7489
- Take profit 1: 1.7721
- Take Profit 2: 1.7860
Comment:
RSI shows the possibility of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 1.7860 | 1.6993 |
| 1.7721 | 1.6854 |
| 1.7489 | 1.6716 |
