EUR/JPY intraday: rebound towards 126.79

EURJPY

Trading Central 2021-01-14 03:03:06

126.12 is our pivot point.

Our preference: rebound towards 126.79.

Alternative scenario: below 126.12, expect 125.87 and 125.73.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 126.41 and 126.52).

Supports and resistances:

127.08 **

126.94 *

126.79 **

126.65

126.36 last

126.21

126.12 **

Disclaimer

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