USD/JPY intraday: the downside prevails as long as 144.61 is resistance
144.61 is our pivot point.
Our preference: the downside prevails as long as 144.61 is resistance.
Alternative scenario: the upside breakout of 144.61, would call for 145.24 and 145.61.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 144.24 and 144.42).
Supports and resistances:
145.61 **
145.24 *
144.61 **
144.37
144.12 last
143.35
142.98 **
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