|EUR/JPY intraday: the upside prevails as long as 124.80 is support|
|Our pivot point stands at 124.80.
Most likely scenario: the upside prevails as long as 124.80 is support.
Alternative scenario: the downside breakout of 124.80 would call for 124.46 and 124.25.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 125.05 and 125.03).