EUR/JPY intraday: the upside prevails as long as 124.46 is support

EUR/JPY intraday: the upside prevails as long as 124.46 is support
Our pivot point stands at 124.46.

Most likely scenario: the upside prevails as long as 124.46 is support.

Alternative scenario: the downside breakout of 124.46 would call for 124.16 and 123.98.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 124.57 and 124.57).

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