CM Trade

Download APP to receive bonus

GET

EUR/JPY intraday: the downside prevails as long as 172.56 is resistance

2024-07-14
1109

Our pivot point stands at 172.56.

Our preference: the downside prevails as long as 172.56 is resistance.

Alternative scenario: above 172.56, look for 172.97 and 173.21.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 172.52 and 172.73).

Supports and resistances:

173.21 **

172.97 *

172.56 **

172.40

172.17 last

171.62

171.37 **

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