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USD/JPY intraday: the downside prevails as long as 150.88 is resistance
2024-02-14
606
Our pivot point stands at 150.88.
Our preference: the downside prevails as long as 150.88 is resistance.
Alternative scenario: above 150.88, look for 151.35 and 151.63.
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 stands below its 20 and 50 period moving average (respectively at 150.59 and 150.61).
Supports and resistances:
151.63 **
151.35 *
150.88 **
150.69
150.48 last
149.90
149.61 **
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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