EURJPY intraday technical analysis - 22/06/2018

EURJPY

1.32714 / 1.32722

SUMMARY

Up

TREND

Up trend

MA10

Bullish

MA20

Bullish

STOCHASTIC

Overbought

MARKET ANALYSIS

Upwards scenario: Session high provides an important resistive barrier at 128.51 (R1). Violation here is required to provide a signal of further ascending structure evolvement and suggest next intraday targets at 128.95 (R2) and 129.40 (R3).
Downwards scenario: Successful retest of our next support level at 127.93 (S1) might provide sufficient momentum for the price acceleration towards to interim target at 127.46 (S2) and then final aim for today could be exposed at 126.99 (S3).

Resistance levels: 128.51 , 128.95 , 129.40

Support levels: 127.93 , 127.46 , 126.99