EUR/JPY intraday: rebound

EUR/JPY intraday: rebound
127.62 is our pivot point.

Most likely scenario: rebound.

Alternative scenario: below 127.62, expect 127.27 and 127.05.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair is trading above its 20 MA (127.83) but under its 50 MA (128.01).

Leave a Reply