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

Most likely scenario: rebound.

Alternative scenario: the downside breakout of 126.24 would call for 125.91 and 125.72.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair is trading above its 20 MA (126.36) but under its 50 MA (126.62).

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