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EUR/JPY intraday: as long as 159.03 is support look for 160.89

2024-01-15
1017

Our pivot point stands at 159.03.

Our preference: as long as 159.03 is support look for 160.89.

Alternative scenario: the downside breakout of 159.03 would call for 158.32 and 157.90.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 159.55 and 159.19).

Supports and resistances:

161.74 **

161.31 *

160.89 **

160.47

159.62 last

159.31

159.03 **

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.

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