EUR/JPY intraday: as long as 127.60 is support loo

EUR/JPY intraday: as long as 127.60 is support look for 128.50

EURJPY

Trading Central 2021-02-22 07:58:13

127.60 is our pivot point.

Our preference: as long as 127.60 is support look for 128.50.

Alternative scenario: below 127.60, expect 127.31 and 127.14.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 127.92 and 127.85).

Supports and resistances:

128.85 **

128.68 *

128.50 **

128.33

127.96 last

127.72

127.60 **

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.