USD/JPY Intraday: the upside prevails as long as 141.17 is support
Sep 18, 2024 4:36 PM
the upside prevails as long as 141.17 is support.
141.17 is our pivot point.
Our preference:
the upside prevails as long as 141.17 is support.
Alternative scenario:
below 141.17, expect 140.32 and 139.81.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 141.80 and 141.81).
Supports and resistances:
144.39 **
143.89 *
143.38 **
142.87
141.85 last
141.51
141.17 **
140.32 *
139.81 **
Our preference:
the upside prevails as long as 141.17 is support.
Alternative scenario:
below 141.17, expect 140.32 and 139.81.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 141.80 and 141.81).
Supports and resistances:
144.39 **
143.89 *
143.38 **
142.87
141.85 last
141.51
141.17 **
140.32 *
139.81 **
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Related Instruments
USD/JPY
142.985
0.721
+0.51%