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EUR/JPY intraday: as long as 169.77 is support look for 171.45

2024-05-24
186

169.77 is our pivot point.

Our preference: as long as 169.77 is support look for 171.45.

Alternative scenario: the downside breakout of 169.77 would call for 169.12 and 168.73.

Comment: the RSI is above 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 170.21 and 169.93).

Supports and resistances:

172.23 **

171.84 *

171.45 **

171.06

170.29 last

170.02

169.77 **

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.

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