EUR/JPY Intraday: rebound towards 161.64
Jan 17, 2025 4:32 AM
rebound towards 161.64.
159.39 is our pivot point.
Our preference:
rebound towards 161.64.
Alternative scenario:
below 159.39, expect 158.57 and 158.08.
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 is trading above its 20 period moving average (159.95) but under its 50 period moving average (160.18).
Supports and resistances:
162.62 **
162.13 *
161.64 **
161.15
160.05 last
159.72
159.39 **
158.57 *
158.08 **
Our preference:
rebound towards 161.64.
Alternative scenario:
below 159.39, expect 158.57 and 158.08.
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 is trading above its 20 period moving average (159.95) but under its 50 period moving average (160.18).
Supports and resistances:
162.62 **
162.13 *
161.64 **
161.15
160.05 last
159.72
159.39 **
158.57 *
158.08 **
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
160.416
0.732
+0.46%