EUR/JPY intraday: the downside prevails as long as 125.51 is resistance

EUR/JPY intraday: the downside prevails as long as 125.51 is resistance
125.51 is our pivot point.

Most likely scenario: the downside prevails as long as 125.51 is resistance.

Alternative scenario: the upside breakout of 125.51, would call for 125.87 and 126.09.

Comment: the RSI is below 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 125.62 and 125.76).

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