EUR/JPY Intraday: as long as 157.11 is support look for 159.38
Sep 18, 2024 4:33 PM
as long as 157.11 is support look for 159.38.
Our pivot point stands at 157.11.
Our preference:
as long as 157.11 is support look for 159.38.
Alternative scenario:
the downside breakout of 157.11 would call for 156.30 and 155.82.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 157.77 and 157.73).
Supports and resistances:
160.34 **
159.86 *
159.38 **
158.90
157.82 last
157.42
157.11 **
156.30 *
155.82 **
Our preference:
as long as 157.11 is support look for 159.38.
Alternative scenario:
the downside breakout of 157.11 would call for 156.30 and 155.82.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 157.77 and 157.73).
Supports and resistances:
160.34 **
159.86 *
159.38 **
158.90
157.82 last
157.42
157.11 **
156.30 *
155.82 **
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EUR/JPY
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