EUR/JPY Intraday: rebound towards 159.36

Nov 29, 2024 11:35 AM

rebound towards 159.36.

Our pivot point is at 157.97.
Our preference:
rebound towards 159.36.
Alternative scenario:
below 157.97, expect 157.45 and 157.14.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 158.62 and 159.30).
Supports and resistances:
159.98 **
159.67 *
159.36 **
159.05
158.42 last
158.18
157.97 **
157.45 *
157.14 **

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