EUR/JPY intraday: the downside prevails as long as 128.30 is resistance

EUR/JPY intraday: the downside prevails as long as 128.30 is resistance
Our pivot point stands at 128.30.

Most likely scenario: the downside prevails as long as 128.30 is resistance.

Alternative scenario: above 128.30, look for 128.77 and 129.04.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 128.10 and 128.19).

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