EUR/JPY Intraday: the upside prevails as long as 165.20 is support
Nov 7, 2024 11:56 AM
the upside prevails as long as 165.20 is support.
Our pivot point is at 165.20.
Our preference:
the upside prevails as long as 165.20 is support.
Alternative scenario:
the downside breakout of 165.20 would call for 164.57 and 164.19.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 165.65 and 165.64).
Supports and resistances:
167.66 **
167.28 *
166.91 **
166.53
165.77 last
165.45
165.20 **
164.57 *
164.19 **
Our preference:
the upside prevails as long as 165.20 is support.
Alternative scenario:
the downside breakout of 165.20 would call for 164.57 and 164.19.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 165.65 and 165.64).
Supports and resistances:
167.66 **
167.28 *
166.91 **
166.53
165.77 last
165.45
165.20 **
164.57 *
164.19 **
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