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EUR/JPY intraday: as long as 158.27 is support look for 159.55
2023-10-23
329
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 **
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