EUR/JPY intraday: rebound towards 123.41
Our pivot point stands at 121.04.

Most likely scenario: rebound towards 123.41.

Alternative scenario: the downside breakout of 121.04 would call for 120.17 and 119.65.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 122.37 and 123.71).

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