EUR/JPY Intraday: target 157.67
Sep 19, 2024 8:25 PM
target 157.67.
Our pivot point is at 159.89.
Our preference:
target 157.67.
Alternative scenario:
the upside breakout of 159.89, would call for 160.71 and 161.19.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (159.38) but above its 50 period moving average (159.05).
Supports and resistances:
161.19 **
160.71 *
159.89 **
159.57
159.13 last
158.15
157.67 **
157.18 *
156.70 **
Our preference:
target 157.67.
Alternative scenario:
the upside breakout of 159.89, would call for 160.71 and 161.19.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (159.38) but above its 50 period moving average (159.05).
Supports and resistances:
161.19 **
160.71 *
159.89 **
159.57
159.13 last
158.15
157.67 **
157.18 *
156.70 **
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Related Instruments
EUR/JPY
158.784
-0.399
-0.25%