EUR/JPY Intraday Signal: Bullish Bias Holds While Above 171.98
EUR/JPY remains supported above the key pivot level at 171.98. The RSI stays above 50, indicating bullish momentum, while the MACD is positive but still below its signal line—suggesting potential short-term retracement before further upside. Price is currently below the 20-period moving average (172.42) but still above the 50-period (172.32), reflecting mixed but slightly positive structure. As long as 171.98 holds, the pair is expected to rise toward 172.80 and 173.24. A drop below 171.98 would expose downside targets at 171.53 and 171.26.
Enter: 172.10
SL: 171.53
Target A: 172.80
Target B: 173.24