EUR/JPY intraday: the downside prevails as long as

EUR/JPY intraday: the downside prevails as long as 126.87 is resistance

EURJPY

Trading Central 2021-01-13 05:01:06

Our pivot point stands at 126.87.

Our preference: the downside prevails as long as 126.87 is resistance.

Alternative scenario: the upside breakout of 126.87, would call for 127.11 and 127.26.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 126.66 and 126.66).

Supports and resistances:

127.26 **

127.11 *

126.87 **

126.77

126.64 last

126.30

126.15 **

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