EUR/JPY intraday: the upside prevails as long as 124.36 is support
124.36 is our pivot point.

Most likely scenario: the upside prevails as long as 124.36 is support.

Alternative scenario: the downside breakout of 124.36 would call for 123.92 and 123.66.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 124.58 and 124.53).

Leave a Reply