EUR/JPY Intraday: the downside prevails as long as 160.06 is resistance
Oct 1, 2024 10:28 AM
the downside prevails as long as 160.06 is resistance.
Our pivot point stands at 160.06.
Our preference:
the downside prevails as long as 160.06 is resistance.
Alternative scenario:
above 160.06, look for 160.73 and 161.12.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 160.27 and 159.97).
Supports and resistances:
161.12 **
160.73 *
160.06 **
159.79
159.37 last
158.54
158.14 **
157.74 *
157.34 **
Our preference:
the downside prevails as long as 160.06 is resistance.
Alternative scenario:
above 160.06, look for 160.73 and 161.12.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 160.27 and 159.97).
Supports and resistances:
161.12 **
160.73 *
160.06 **
159.79
159.37 last
158.54
158.14 **
157.74 *
157.34 **
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EUR/JPY
163.019
-0.033
-0.02%