EUR/JPY intraday: rebound towards 128.75

EUR/JPY intraday: rebound towards 128.75
Our pivot point stands at 127.46.

Most likely scenario: rebound towards 128.75.

Alternative scenario: the downside breakout of 127.46 would call for 127 and 126.72.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 127.89 and 128.15).

Leave a Reply