EUR/JPY intraday: rebound towards 126.75

Trading Central 2021-01-14 07:49:05

Our pivot point stands at 126.02.

Our preference: rebound towards 126.75.

Alternative scenario: below 126.02, expect 125.77 and 125.63.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 126.30 and 126.45).

Supports and resistances:

127.04 **

126.90 *

126.75 **

126.60

126.23 last

126.11

126.02 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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