EUR/JPY intraday: the upside prevails as long as 124.45 is support

EUR/JPY intraday: the upside prevails as long as 124.45 is support
Our pivot point stands at 124.45.

Most likely scenario: the upside prevails as long as 124.45 is support.

Alternative scenario: below 124.45, expect 124.25 and 124.13.

Comment: the RSI is above 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 124.40 and 124.32).

Leave a Reply