EUR/JPY intraday: the downside prevails as long as 158.39 is resistance
158.39 is our pivot point.
Our preference: the downside prevails as long as 158.39 is resistance.
Alternative scenario: above 158.39, look for 158.85 and 159.13.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 158.10 and 158.21).
Supports and resistances:
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