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EUR/JPY intraday: rebound towards 156.99
2023-10-04
455
155.78 is our pivot point.
Our preference: rebound towards 156.99.
Alternative scenario: below 155.78, expect 155.35 and 155.09.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (156.02) but under its 50 period moving average (156.49).
Supports and resistances:
157.51 **
157.25 *
156.99 **
156.73
156.14 last
155.95
155.78 **
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