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Evening analysis of EUR/JPY for Mondayto Nov. 11, 2019




EUR/JPY intraday: the upside prevails as long as 120.06 is support
Our pivot point stands at 120.06.

Our preference: the upside prevails as long as 120.06 is support.

Alternative scenario: below 120.06, expect 119.67 and 119.44.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 120.26 and 120.27).


Supports and resistances:

121.57 **
121.34 *
121.11 **
120.88
120.37 last
120.22
120.06 **
119.67 *
119.44 **

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