EUR/JPY intraday: the upside prevails as long as 122.71 is support

EUR/JPY intraday: the upside prevails as long as 122.71 is support
Our pivot point stands at 122.71.

Most likely scenario: the upside prevails as long as 122.71 is support.

Alternative scenario: the downside breakout of 122.71 would call for 121.81 and 121.28.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 122.90 and 122.55).

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