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analysing EUR/JPY for Thursday to Nov. 21, 2019



EUR/JPY intraday: the upside prevails as long as 120.04 is support
Our pivot point is at 120.04.

Our preference: the upside prevails as long as 120.04 is support.

Alternative scenario: the downside breakout of 120.04 would call for 119.65 and 119.42.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 120.24 and 120.18).

Supports and resistances:

121.55 **
121.32 *
121.09 **
120.86
120.38 last
120.20
120.04 **
119.65 *
119.42 **
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