EUR/JPY Intraday: as long as 166.61 is support look for 168.33
May 8, 2024 22:05
EUR/JPY (EUR/JPY)
0.144+0.09%
as long as 166.61 is support look for 168.33.
Our pivot point stands at 166.61.
Our preference: as long as 166.61 is support look for 168.33.
Alternative scenario: the downside breakout of 166.61 would call for 165.98 and 165.60.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (167.19) but above its 50 period moving average (166.90).
Supports and resistances:
169.09 **
168.71 *
168.33 **
167.95
167.15 last
166.86
166.61 **
165.98 *
165.60 **
Our preference: as long as 166.61 is support look for 168.33.
Alternative scenario: the downside breakout of 166.61 would call for 165.98 and 165.60.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (167.19) but above its 50 period moving average (166.90).
Supports and resistances:
169.09 **
168.71 *
168.33 **
167.95
167.15 last
166.86
166.61 **
165.98 *
165.60 **
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