EUR/JPY intraday: the downside prevails as long as 159.13 is resistance
Our pivot point stands at 159.13.
Our preference: the downside prevails as long as 159.13 is resistance.
Alternative scenario: the upside breakout of 159.13, would call for 159.60 and 159.88.
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 158.92 and 159.37).
Supports and resistances:
CM Trade Mobile Application