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 above its 20 and 50 day moving average’s [Respectively at 117.990 and 117.930]. Finally, the EUR/JPY has crossed above its upper Bollinger band (118.200).
Type: Intraday analysis
Recommendation: Buy/Buy limit @ 118.400 Target: 60 pips