EUR/JPY intraday: the upside prevails as long as 1

EUR/JPY intraday: the upside prevails as long as 127.56 is support

EURJPY

Trading Central 2021-02-23 19:14:14

127.56 is our pivot point.

Our preference: the upside prevails as long as 127.56 is support.

Alternative scenario: the downside breakout of 127.56 would call for 127.26 and 127.08.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 127.86 and 127.83).

Supports and resistances:

128.80 **

128.62 *

128.44 **

128.26

127.90 last

127.68

127.56 **

Disclaimer

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