EUR/JPY Intraday: as long as 156.70 is support look for 159.69
Sep 18, 2024 7:29 PM
as long as 156.70 is support look for 159.69.
156.70 is our pivot point.
Our preference:
as long as 156.70 is support look for 159.69.
Alternative scenario:
the downside breakout of 156.70 would call for 155.90 and 155.42.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 157.77 and 157.74).
Supports and resistances:
160.66 **
160.18 *
159.69 **
159.21
158.08 last
157.02
156.70 **
155.90 *
155.42 **
Our preference:
as long as 156.70 is support look for 159.69.
Alternative scenario:
the downside breakout of 156.70 would call for 155.90 and 155.42.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 157.77 and 157.74).
Supports and resistances:
160.66 **
160.18 *
159.69 **
159.21
158.08 last
157.02
156.70 **
155.90 *
155.42 **
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EUR/JPY
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