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EUR/JPY intraday: the downside prevails as long as 157.78 is resistance

2023-09-12
360

Our pivot point stands at 157.78.

Our preference: the downside prevails as long as 157.78 is resistance.

Alternative scenario: above 157.78, look for 158.24 and 158.52.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 157.52 and 157.47).

Supports and resistances:

158.52 **

158.24 *

157.78 **

157.60

157.42 last

156.82

156.55 **

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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