EUR/JPY intraday: the downside prevails as long as 159.10 is resistance
Our pivot point stands at 159.10.
Our preference: the downside prevails as long as 159.10 is resistance.
Alternative scenario: above 159.10, look for 159.56 and 159.84.
Comment: the RSI is below its neutrality area at 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 159 and 159.43).
Supports and resistances:
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