USD/JPY Intraday: target 153.79
Nov 20, 2024 7:33 PM
target 153.79.
155.98 is our pivot point.
Our preference:
target 153.79.
Alternative scenario:
the upside breakout of 155.98, would call for 156.79 and 157.28.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (155.55) but above its 50 period moving average (155.21).
Supports and resistances:
157.28 **
156.79 *
155.98 **
155.66
155.28 last
154.27
153.79 **
153.31 *
152.82 **
Our preference:
target 153.79.
Alternative scenario:
the upside breakout of 155.98, would call for 156.79 and 157.28.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (155.55) but above its 50 period moving average (155.21).
Supports and resistances:
157.28 **
156.79 *
155.98 **
155.66
155.28 last
154.27
153.79 **
153.31 *
152.82 **
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USD/JPY
154.736
-0.737
-0.47%