EUR/JPY may rise 74 - 107 pips

Our pivot point is at 168.95.

Our preference

The upside prevails as long as 168.95 is support.

Alternative scenario

Below 168.95, expect 168.39 and 168.05.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 169.11 and 168.95).

Supports and resistances

171.18 **

170.85 *

170.51 **

170.18

169.44 last

169.17

168.95 **

168.39 *

168.05 **

Number of asterisks represents the strength of support and resistance levels.