EUR/JPY – Bullish case strengthens
Daily Chart
Pattern - Bullish price-RSI divergence confirmed
Resistance – 124.44, 125.40, 126.16
Support – 124.00, 122.83, 122.54
Pattern - Bullish price-RSI divergence confirmed
Resistance – 124.44, 125.40, 126.16
Support – 124.00, 122.83, 122.54
- Pair’s bullish price-RSI divergence if followed by a move above previous day’s high of 124.44 would expose falling channel (extended) level seen today around 125.40 levels. A break above would expose another falling trend line resistance around 126.90 levels.
- On the contrary, failure to take out 125.40 could yield fresh fall in the cross, with bears gaining more power below 122.54 levels.
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