|EUR/JPY intraday: as long as 128.02 is support look for 129.16|
|Our pivot point is at 128.02.
Most likely scenario: as long as 128.02 is support look for 129.16.
Alternative scenario: the downside breakout of 128.02 would call for 127.59 and 127.33.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 128.32 and 128.19).