CM Trade

Download APP to receive bonus

GET

EUR/JPY intraday: as long as 159.29 is support look for 160.57

2023-10-24
937

Our pivot point is at 159.29.

Our preference: as long as 159.29 is support look for 160.57.

Alternative scenario: below 159.29, expect 158.83 and 158.55.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 159.49 and 159.04).

Supports and resistances:

161.12 **

160.84 *

160.57 **

160.29

159.72 last

159.47

159.29 **

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More