EUR/JPY Intraday: the downside prevails as long as 159.49 is resistance
Oct 1, 2024 5:47 PM
the downside prevails as long as 159.49 is resistance.
Our pivot point is at 159.49.
Our preference:
the downside prevails as long as 159.49 is resistance.
Alternative scenario:
above 159.49, look for 160.15 and 160.55.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 159.20 and 159.80).
Supports and resistances:
160.55 **
160.15 *
159.49 **
159.22
158.96 last
157.75
157.35 **
156.96 *
156.56 **
Our preference:
the downside prevails as long as 159.49 is resistance.
Alternative scenario:
above 159.49, look for 160.15 and 160.55.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 159.20 and 159.80).
Supports and resistances:
160.55 **
160.15 *
159.49 **
159.22
158.96 last
157.75
157.35 **
156.96 *
156.56 **
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EUR/JPY
161.984
-0.070
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