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 2021-02-23 03:02:22

Our pivot point stands at 128.04.

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

Alternative scenario: the upside breakout of 128.04, would call for 128.33 and 128.50.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 127.89 and 127.93).

Supports and resistances:

128.50 **

128.33 *

128.04 **

127.93

127.80 last

127.40

127.22 **

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.