EUR/JPY Intraday: target 158.96
Jan 17, 2025 8:53 PM
target 158.96.
161.18 is our pivot point.
Our preference:
target 158.96.
Alternative scenario:
above 161.18, look for 162 and 162.50.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (160.52) but above its 50 period moving average (160.24).
Supports and resistances:
162.50 **
162.00 *
161.18 **
160.85
160.44 last
159.45
158.96 **
158.46 *
157.97 **
Our preference:
target 158.96.
Alternative scenario:
above 161.18, look for 162 and 162.50.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (160.52) but above its 50 period moving average (160.24).
Supports and resistances:
162.50 **
162.00 *
161.18 **
160.85
160.44 last
159.45
158.96 **
158.46 *
157.97 **
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.
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EUR/JPY
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