EUR/JPY intraday: target 123.30

EUR/JPY intraday: target 123.30
Our pivot point stands at 124.54.

Most likely scenario: target 123.30.

Alternative scenario: above 124.54, look for 125 and 125.27.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (124.22) but above its 50 MA (124.05).

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