EUR/JPY intraday: technical rebound towards 124.93 before a new drop

EUR/JPY intraday: technical rebound towards 124.93 before a new drop
Our pivot point stands at 124.93.

Most likely scenario: technical rebound towards 124.93 before a new drop.

Alternative scenario: above 124.93, look for 125.22 and 125.39.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above its 20 MA (124.69) but under its 50 MA (124.72).

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