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Evening analysis of EUR/JPYfor Thursdayto Nov. 7, 2019,



EUR/JPY intraday: as long as 120.51 is support look for 121.59
Our pivot point stands at 120.51.

Our preference: as long as 120.51 is support look for 121.59.

Alternative scenario: below 120.51, expect 120.12 and 119.89.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 120.82 and 120.60).

Supports and resistances:
122.06 **
121.82 *
121.59 **
121.36
120.88 last
120.67
120.51 **
120.12 *
119.89 **

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