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EUR/JPY intraday: target 157.77
2023-10-23
749
Our pivot point is at 159.02.
Our preference: target 157.77.
Alternative scenario: above 159.02, look for 159.48 and 159.76.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (158.71) but above its 50 period moving average (158.63).
Supports and resistances:
159.76 **
159.48 *
159.02 **
158.84
158.65 last
158.05
157.77 **
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