USD/JPY Intraday: as long as 154.76 is support look for 156.97
Nov 20, 2024 9:10 PM
as long as 154.76 is support look for 156.97.
Our pivot point stands at 154.76.
Our preference:
as long as 154.76 is support look for 156.97.
Alternative scenario:
the downside breakout of 154.76 would call for 153.95 and 153.47.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (155.50) but above its 50 period moving average (155.25).
Supports and resistances:
157.94 **
157.45 *
156.97 **
156.49
155.48 last
155.08
154.76 **
153.95 *
153.47 **
Our preference:
as long as 154.76 is support look for 156.97.
Alternative scenario:
the downside breakout of 154.76 would call for 153.95 and 153.47.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (155.50) but above its 50 period moving average (155.25).
Supports and resistances:
157.94 **
157.45 *
156.97 **
156.49
155.48 last
155.08
154.76 **
153.95 *
153.47 **
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Related Instruments
USD/JPY
154.849
-0.624
-0.40%