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USD/JPY intraday: as long as 146.85 is support look for 148.86

2023-09-14
1181

Our pivot point stands at 146.85.

Our preference: as long as 146.85 is support look for 148.86.

Alternative scenario: below 146.85, expect 146.09 and 145.64.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 147.41 and 147.31).

Supports and resistances:

149.76 **

149.31 *

148.86 **

148.41

147.45 last

147.15

146.85 **

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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