| Our pivot point stands at 125.10.|
Our preference: the upside prevails as long as 125.10 is support.
Alternative scenario: the downside breakout of 125.10 would call for 124.69 and 124.45.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 125.41 and 125.27). Finally, the EUR/JPY has crossed above its upper Bollinger band (125.50).