EUR/JPY intraday: as long as 124.26 is support look for 125.43
124.26 is our pivot point.

Most likely scenario: as long as 124.26 is support look for 125.43.

Alternative scenario: below 124.26, expect 123.84 and 123.59.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 124.59 and 124.51).

Leave a Reply