EUR/JPY ST: the upside prevails as long as 126.02

EUR/JPY ST: the upside prevails as long as 126.02 is support

EURJPY

Trading Central 2021-02-23 18:08:28

Our pivot point stands at 126.02.

Our preference: the upside prevails as long as 126.02 is support.

Alternative scenario: the downside breakout of 126.02 would call for 123.93 and 122.69.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 127.05 and 126.58).

Supports and resistances:

134.26 **

133.01 *

131.76 **

130.52

127.89 last

126.84

126.02 **

Disclaimer

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