EUR/JPY Intraday: the downside prevails as long as 166.20 is resistance
Nov 7, 2024 10:08 AM
the downside prevails as long as 166.20 is resistance.
Our pivot point is at 166.20.
Our preference:
the downside prevails as long as 166.20 is resistance.
Alternative scenario:
above 166.20, look for 166.83 and 167.21.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 165.65 and 165.63).
Supports and resistances:
167.21 **
166.83 *
166.20 **
165.95
165.48 last
164.72
164.34 **
163.96 *
163.59 **
Our preference:
the downside prevails as long as 166.20 is resistance.
Alternative scenario:
above 166.20, look for 166.83 and 167.21.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 165.65 and 165.63).
Supports and resistances:
167.21 **
166.83 *
166.20 **
165.95
165.48 last
164.72
164.34 **
163.96 *
163.59 **
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EUR/JPY
161.680
-1.016
-0.62%