|EUR/JPY intraday: the upside prevails as long as 126.25 is support|
|Our pivot point stands at 126.25.
Most likely scenario: the upside prevails as long as 126.25 is support.
Alternative scenario: the downside breakout of 126.25 would call for 125.92 and 125.72.
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 trading above both its 20 and 50 MAs (respectively at 126.42 and 126.16).