USD/JPY Intraday: rebound
Oct 30, 2024 5:46 PM
rebound.
Our pivot point stands at 152.66.
Our preference:
rebound.
Alternative scenario:
the downside breakout of 152.66 would call for 151.97 and 151.56.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (153.11) but under its 50 period moving average (153.24).
Supports and resistances:
155.32 **
154.90 *
154.49 **
154.08
153.20 last
152.93
152.66 **
151.97 *
151.56 **
Our preference:
rebound.
Alternative scenario:
the downside breakout of 152.66 would call for 151.97 and 151.56.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (153.11) but under its 50 period moving average (153.24).
Supports and resistances:
155.32 **
154.90 *
154.49 **
154.08
153.20 last
152.93
152.66 **
151.97 *
151.56 **
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Related Instruments
USD/JPY
157.269
-0.197
-0.13%