USD/JPY Intraday: as long as 160.38 is resistance look for 159.87
USD/JPY (USD/JPY)
+0.263+0.16%
as long as 160.38 is resistance look for 159.87
Our pivot point is at 160.38.
Our preference: as long as 160.38 is resistance look for 159.87
Alternative scenario: above 160.38, look for 160.55 and 160.66.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands below its 20 and 50 period moving average (respectively at 160.21 and 160.19).
Supports and resistances:
160.66 **
160.55 *
160.38 **
160.19 last
159.97
159.87 **
159.77 *
Our preference: as long as 160.38 is resistance look for 159.87
Alternative scenario: above 160.38, look for 160.55 and 160.66.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands below its 20 and 50 period moving average (respectively at 160.21 and 160.19).
Supports and resistances:
160.66 **
160.55 *
160.38 **
160.19 last
159.97
159.87 **
159.77 *
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
