EUR/JPY Intraday: as long as 163.80 is support look for 166.02
Dec 26, 2024 11:20 PM
as long as 163.80 is support look for 166.02.
163.80 is our pivot point.
Our preference:
as long as 163.80 is support look for 166.02.
Alternative scenario:
below 163.80, expect 163.02 and 162.55.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (164.51) but above its 50 period moving average (164.01).
Supports and resistances:
166.95 **
166.48 *
166.02 **
165.55
164.46 last
164.11
163.80 **
163.02 *
162.55 **
Our preference:
as long as 163.80 is support look for 166.02.
Alternative scenario:
below 163.80, expect 163.02 and 162.55.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (164.51) but above its 50 period moving average (164.01).
Supports and resistances:
166.95 **
166.48 *
166.02 **
165.55
164.46 last
164.11
163.80 **
163.02 *
162.55 **
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EUR/JPY
164.422
-0.096
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