EUR/JPY Intraday: the upside prevails as long as 159.71 is support
Feb 4, 2025 11:00 AM
the upside prevails as long as 159.71 is support.
Our pivot point stands at 159.71.
Our preference:
the upside prevails as long as 159.71 is support.
Alternative scenario:
below 159.71, expect 158.90 and 158.41.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 160.16 and 159.63).
Supports and resistances:
162.89 **
162.40 *
161.92 **
161.44
160.46 last
160.03
159.71 **
158.90 *
158.41 **
Our preference:
the upside prevails as long as 159.71 is support.
Alternative scenario:
below 159.71, expect 158.90 and 158.41.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 160.16 and 159.63).
Supports and resistances:
162.89 **
162.40 *
161.92 **
161.44
160.46 last
160.03
159.71 **
158.90 *
158.41 **
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