EUR/JPY Intraday: the downside prevails as long as 164.22 is resistance
Nov 20, 2024 7:20 PM
the downside prevails as long as 164.22 is resistance.
Our pivot point stands at 164.22.
Our preference:
the downside prevails as long as 164.22 is resistance.
Alternative scenario:
above 164.22, look for 164.89 and 165.29.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 163.95 and 164.06).
Supports and resistances:
165.29 **
164.89 *
164.22 **
163.95
163.63 last
162.79
162.39 **
162.00 *
161.60 **
Our preference:
the downside prevails as long as 164.22 is resistance.
Alternative scenario:
above 164.22, look for 164.89 and 165.29.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 163.95 and 164.06).
Supports and resistances:
165.29 **
164.89 *
164.22 **
163.95
163.63 last
162.79
162.39 **
162.00 *
161.60 **
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EUR/JPY
163.317
-0.536
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