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EUR/JPY intraday: above its upper Bollinger band

2024-05-24
168

Our pivot point is at 169.42.

Our preference: the upside prevails as long as 169.42 is support.

Alternative scenario: below 169.42, expect 168.77 and 168.38.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 169.80 and 169.84). Finally, the EUR/JPY has crossed above its upper Bollinger band (169.96).

Supports and resistances:

171.94 **

171.55 *

171.16 **

170.77

169.97 last

169.68

169.42 **

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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