EUR/JPY intraday: as long as 124.54 is support look for 125.12

EUR/JPY intraday: as long as 124.54 is support look for 125.12
Our pivot point stands at 124.54.

Most likely scenario: as long as 124.54 is support look for 125.12.

Alternative scenario: the downside breakout of 124.54 would call for 124.33 and 124.20.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 124.72 and 124.68).

Leave a Reply