EUR/JPY | Euro to Japanese Yen Trading Analysis

EUR/JPY,D1


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

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