CM Trade

Download APP to receive bonus

GET

EUR/JPY intraday: our next up target stands at 163.61

2024-03-06
491

Our pivot point stands at 162.50.

Our preference: our next up target stands at 163.61.

Alternative scenario: the downside breakout of 162.50 would call for 162.10 and 161.86.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 162.71 and 162.83).

Supports and resistances:

164.09 **

163.85 *

163.61 **

163.37

162.85 last

162.66

162.50 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More