EUR/JPY intraday: rebound

EURJPY

Trading Central 2021-01-14 12:21:06

Our pivot point stands at 126.13.

Our preference: rebound.

Alternative scenario: below 126.13, expect 125.88 and 125.74.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (126.32) but below its 50 period moving average (126.41).

Supports and resistances:

127.11 **

126.97 *

126.82 **

126.67

126.36 last

126.22

126.13 **

Disclaimer

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