EUR/JPY,D1
Pivot: 128.04
Analysis:
While the price is below 129.20, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 128.04
- Take Profit 1: 127.84
- Take Profit 2: 127.03
Alternative scenario:
If the level 129.20 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 129.20
- Take profit 1: 130.20
- Take Profit 2: 131.00
Comment:
RSI shows the possibility of a downtrend in the medium term.
Key levels:
Resistance --- Support
131.00 -------- 127.84
130.20 -------- 127.03
129.20 -------- 126.50
GBP/JPY | British Pound to Japanese Yen Trading Analysis
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