EUR/JPY Intraday: the upside prevails as long as 158.75 is support
Sep 19, 2024 9:41 AM
the upside prevails as long as 158.75 is support.
Our pivot point is at 158.75.
Our preference:
the upside prevails as long as 158.75 is support.
Alternative scenario:
the downside breakout of 158.75 would call for 157.93 and 157.45.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 159.01 and 158.32).
Supports and resistances:
162.10 **
161.62 *
161.13 **
160.65
159.50 last
159.07
158.75 **
157.93 *
157.45 **
Our preference:
the upside prevails as long as 158.75 is support.
Alternative scenario:
the downside breakout of 158.75 would call for 157.93 and 157.45.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 159.01 and 158.32).
Supports and resistances:
162.10 **
161.62 *
161.13 **
160.65
159.50 last
159.07
158.75 **
157.93 *
157.45 **
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EUR/JPY
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