EUR/JPY Intraday: rebound
Nov 20, 2024 9:08 PM
rebound.
Our pivot point is at 163.32.
Our preference:
rebound.
Alternative scenario:
below 163.32, expect 162.65 and 162.25.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (163.85) but under its 50 period moving average (164.06).
Supports and resistances:
165.91 **
165.51 *
165.11 **
164.71
163.90 last
163.59
163.32 **
162.65 *
162.25 **
Our preference:
rebound.
Alternative scenario:
below 163.32, expect 162.65 and 162.25.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (163.85) but under its 50 period moving average (164.06).
Supports and resistances:
165.91 **
165.51 *
165.11 **
164.71
163.90 last
163.59
163.32 **
162.65 *
162.25 **
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Related Instruments
EUR/JPY
163.172
-0.681
-0.42%