USD/JPY Intraday: rebound towards 159.34
Jan 10, 2025 7:51 PM
rebound towards 159.34.
Our pivot point is at 157.23.
Our preference:
rebound towards 159.34.
Alternative scenario:
the downside breakout of 157.23 would call for 156.48 and 156.03.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 157.91 and 158.07).
Supports and resistances:
160.24 **
159.79 *
159.34 **
158.89
157.91 last
157.53
157.23 **
156.48 *
156.03 **
Our preference:
rebound towards 159.34.
Alternative scenario:
the downside breakout of 157.23 would call for 156.48 and 156.03.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 157.91 and 158.07).
Supports and resistances:
160.24 **
159.79 *
159.34 **
158.89
157.91 last
157.53
157.23 **
156.48 *
156.03 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
Related Instruments
USD/JPY
152.254
-2.071
-1.34%