USD/JPY Intraday: below its lower Bollinger band
Oct 1, 2024 2:31 PM
the downside prevails as long as 144.38 is resistance.
Our pivot point is at 144.38.
Our preference:
the downside prevails as long as 144.38 is resistance.
Alternative scenario:
above 144.38, look for 145.05 and 145.46.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 143.92 and 143.73). Finally, the USD/JPY is trading below its lower Bollinger band (standing at 143.32).
Supports and resistances:
145.46 **
145.05 *
144.38 **
144.11
143.31 last
142.16
141.76 **
141.36 *
140.96 **
Our preference:
the downside prevails as long as 144.38 is resistance.
Alternative scenario:
above 144.38, look for 145.05 and 145.46.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 143.92 and 143.73). Finally, the USD/JPY is trading below its lower Bollinger band (standing at 143.32).
Supports and resistances:
145.46 **
145.05 *
144.38 **
144.11
143.31 last
142.16
141.76 **
141.36 *
140.96 **
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Related Instruments
USD/JPY
156.383
-1.003
-0.64%