EUR/JPY Intraday: as long as 163.74 is support look for 165.59
Nov 20, 2024 11:23 AM
as long as 163.74 is support look for 165.59.
Our pivot point stands at 163.74.
Our preference:
as long as 163.74 is support look for 165.59.
Alternative scenario:
the downside breakout of 163.74 would call for 163.07 and 162.67.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (164.32) but above its 50 period moving average (163.77).
Supports and resistances:
166.39 **
165.99 *
165.59 **
165.18
164.32 last
164.01
163.74 **
163.07 *
162.67 **
Our preference:
as long as 163.74 is support look for 165.59.
Alternative scenario:
the downside breakout of 163.74 would call for 163.07 and 162.67.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (164.32) but above its 50 period moving average (163.77).
Supports and resistances:
166.39 **
165.99 *
165.59 **
165.18
164.32 last
164.01
163.74 **
163.07 *
162.67 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
Related Instruments
EUR/JPY
163.309
-0.544
-0.33%