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EUR/JPY intraday: below its lower Bollinger band

2024-03-27
510

164.13 is our pivot point.

Our preference: the downside prevails as long as 164.13 is resistance.

Alternative scenario: the upside breakout of 164.13, would call for 164.58 and 164.85.

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 164.05 and 164.10). Finally, the EUR/JPY is trading below its lower Bollinger band (standing at 163.59).

Supports and resistances:

164.85 **

164.58 *

164.13 **

163.95

163.57 last

163.01

162.74 **

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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