EUR/JPY intraday: the downside prevails as long as

EUR/JPY intraday: the downside prevails as long as 128.04 is resistance

EURJPY

Trading Central 2021-02-20 04:51:12

Our pivot point stands at 128.04.

Our preference: the downside prevails as long as 128.04 is resistance.

Alternative scenario: above 128.04, look for 128.33 and 128.51.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 127.91 and 127.83).

Supports and resistances:

128.51 **

128.33 *

128.04 **

127.93

127.80 last

127.40

127.22 **

Disclaimer

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