EURJPY intraday technical analysis - 22/02/2019

EURJPY

125.603/125.609

SUMMARY

Up

TREND

Upward penetration

MA10

Bullish

MA20

Bullish

STOCHASTIC

Overbought

MARKET ANALYSIS

Upwards scenario: Bullish oriented market participant might pressures to test our next resistance level at 125.94 (R1). Loss here could open a route towards to our interim target at 126.25 (R2) and the main aim for today locates at 126.55 (R3).
Downwards scenario: Possibility of downwards extension remains high on the bigger picture. If the price manages to clear an important technical structure at 125.45 (S1), we do expect an exposure of our lower targets 125.16 (S2) and 124.87 (S3) later on today.

Resistance levels: 125.94 , 126.25 , 126.55

Support levels: 125.45 , 125.16 , 124.87