|EUR/JPY intraday: the upside prevails as long as 128.04 is support|
|Our pivot point stands at 128.04.
Most likely scenario: the upside prevails as long as 128.04 is support.
Alternative scenario: the downside breakout of 128.04 would call for 127.65 and 127.42.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 128.25 and 128.21).