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EUR/JPY intraday: the downside prevails as long as 159.05 is resistance
2023-10-25
707
159.05 is our pivot point.
Our preference: the downside prevails as long as 159.05 is resistance.
Alternative scenario: above 159.05, look for 159.52 and 159.80.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 158.79 and 158.85).
Supports and resistances:
159.80 **
159.52 *
159.05 **
158.87
158.65 last
158.09
157.81 **
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