EUR/JPY Intraday: rebound towards 161.99
Jan 16, 2025 3:15 PM
rebound towards 161.99.
Our pivot point stands at 159.71.
Our preference:
rebound towards 161.99.
Alternative scenario:
below 159.71, expect 158.88 and 158.39.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 160.42 and 160.65).
Supports and resistances:
162.97 **
162.48 *
161.99 **
161.50
160.37 last
160.03
159.71 **
158.88 *
158.39 **
Our preference:
rebound towards 161.99.
Alternative scenario:
below 159.71, expect 158.88 and 158.39.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 160.42 and 160.65).
Supports and resistances:
162.97 **
162.48 *
161.99 **
161.50
160.37 last
160.03
159.71 **
158.88 *
158.39 **
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
EUR/JPY
160.695
0.279
+0.17%