USD/JPY Intraday: rebound towards 157.51

Jan 16, 2025 3:26 PM

rebound towards 157.51.

Our pivot point stands at 155.11.
Our preference:
rebound towards 157.51.
Alternative scenario:
below 155.11, expect 154.37 and 153.94.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 155.96 and 156.12).
Supports and resistances:
158.38 **
157.95 *
157.51 **
157.07
155.73 last
155.39
155.11 **
154.37 *
153.94 **

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