EUR/JPY intraday: rebound towards 128.01
Our pivot point is at 127.23.

Most likely scenario: rebound towards 128.01.

Alternative scenario: below 127.23, expect 126.95 and 126.78.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands above its 20 MA (127.41) but below its 50 MA (127.63).

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