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EUR/JPY intraday: rebound towards 159.52

2023-10-26
296

Our pivot point is at 158.21.

Our preference: rebound towards 159.52.

Alternative scenario: the downside breakout of 158.21 would call for 157.74 and 157.46.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 158.60 and 158.67).

Supports and resistances:

160.07 **

159.79 *

159.52 **

159.24

158.59 last

158.39

158.21 **

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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