EUR/JPY Intraday: rebound towards 164.99

Nov 20, 2024 11:38 PM

rebound towards 164.99.

Our pivot point is at 163.16.
Our preference:
rebound towards 164.99.
Alternative scenario:
the downside breakout of 163.16 would call for 162.49 and 162.09.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (163.67) but below its 50 period moving average (164.05).
Supports and resistances:
165.79 **
165.39 *
164.99 **
164.59
163.72 last
163.43
163.16 **
162.49 *
162.09 **

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