EUR/JPY Intraday: below its lower Bollinger band
Oct 1, 2024 8:18 AM
under pressure below 160.81.
Our pivot point is at 160.81.
Our preference:
under pressure below 160.81.
Alternative scenario:
above 160.81, look for 161.48 and 161.88.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 160.36 and 159.96). Finally, the EUR/JPY is trading below its lower Bollinger band (standing at 159.65).
Supports and resistances:
161.88 **
161.48 *
160.81 **
160.54
159.64 last
158.82
158.43 **
158.03 *
157.63 **
Our preference:
under pressure below 160.81.
Alternative scenario:
above 160.81, look for 161.48 and 161.88.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 160.36 and 159.96). Finally, the EUR/JPY is trading below its lower Bollinger band (standing at 159.65).
Supports and resistances:
161.88 **
161.48 *
160.81 **
160.54
159.64 last
158.82
158.43 **
158.03 *
157.63 **
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Related Instruments
EUR/JPY
161.921
-0.133
-0.08%