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EUR/JPY intraday: target 156.71
2023-09-18
362
Our pivot point is at 157.95.
Our preference: target 156.71.
Alternative scenario: above 157.95, look for 158.41 and 158.69.
Comment: the RSI is below its neutrality area at 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 (157.64) but above its 50 period moving average (157.52).
Supports and resistances:
158.69 **
158.41 *
157.95 **
157.77
157.58 last
156.99
156.71 **
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