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EUR/JPY intraday: rebound towards 159.56

2023-10-25
991

Our pivot point stands at 158.29.

Our preference: rebound towards 159.56.

Alternative scenario: below 158.29, expect 157.82 and 157.54.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 158.78 and 159.26).

Supports and resistances:

160.12 **

159.84 *

159.56 **

159.28

158.71 last

158.47

158.29 **

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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