EUR/JPY intraday: above its upper Bollinger band
Our pivot point stands at 172.73.
Our preference: rebound towards 173.84.
Alternative scenario: below 172.73, expect 172.32 and 172.08.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (172.59) but below its 50 period moving average (174.05). Finally, the EUR/JPY has crossed above its upper Bollinger band (173.05).
Supports and resistances:
174.33 **
174.08 *
173.84 **
173.59
173.08 last
172.90
172.73 **
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.
CM Trade Mobile Application
Economics Calendar
More