|EUR/JPY intraday: the upside prevails as long as 127.98 is support|
|Our pivot point is at 127.98.
Most likely scenario: the upside prevails as long as 127.98 is support.
Alternative scenario: below 127.98, expect 127.55 and 127.29.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 128.27 and 128.09).