|EUR/JPY intraday: the downside prevails as long as 128.08 is resistance|
|Our pivot point is at 128.08.
Most likely scenario: the downside prevails as long as 128.08 is resistance.
Alternative scenario: above 128.08, look for 128.36 and 128.53.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 127.98 and 128.05).