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EUR/JPY intraday: rebound towards 158.71
2023-10-19
256
Our pivot point stands at 157.47.
Our preference: rebound towards 158.71.
Alternative scenario: below 157.47, expect 157.01 and 156.73.
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 is trading under both its 20 and 50 period moving average (respectively at 157.89 and 158.07).
Supports and resistances:
159.26 **
158.98 *
158.71 **
158.44
157.86 last
157.65
157.47 **
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