EUR/JPY intraday: rebound towards 127.01

EURJPY

Trading Central 2021-01-13 19:13:04

Our pivot point stands at 126.31.

Our preference: rebound towards 127.01.

Alternative scenario: below 126.31, expect 126.06 and 125.92.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (126.56) but under its 50 period moving average (126.61).

Supports and resistances:

127.31 **

127.16 *

127.01 **

126.87

126.57 last

126.40

126.31 **

Disclaimer

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