FX.co ★ jerome82 | EUR/JPY

EURJPY: Chart M15. The instrument is trading below the daily pivot point DPV: 173.458. If the price continues to decline and manages to break below the MN1 Resistance C: 172.02, the next target could be the S5 level: 171.261. If the price bounces off any support or resistance level and rises above the MA84, the next upward target could be the W1 Resistance C: 173.358. If the price continues to move up above this resistance level, it may be able to rise above the daily pivot point, with the next upward target being the R3 level: 174.297 or R4: 174.816.