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EUR/JPY intraday: as long as 158.27 is support look for 159.55

2023-10-23
409

Our pivot point is at 158.27.

Our preference: as long as 158.27 is support look for 159.55.

Alternative scenario: below 158.27, expect 157.81 and 157.54.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (158.70) but above its 50 period moving average (158.61).

Supports and resistances:

160.10 **

159.83 *

159.55 **

159.28

158.70 last

158.46

158.27 **

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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