EUR/JPY may fall to 151.79 - 154.35
BY Trading Central
|ديسمبر ١٠, ٢٠٢٤ST: the downside prevails as long as 163.26 is resistance
163.26 is our pivot point.
Our preference
The downside prevails as long as 163.26 is resistance.
Alternative scenario
The upside breakout of 163.26, would call for 167.57 and 170.13.
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 stands below its 20 and 50 period moving average (respectively at 161.64 and 162.04).
Supports and resistances
170.13 **
167.57 *
163.26 **
161.57
159.57 last
154.35
151.79 **
149.24 *
146.68 **
Number of asterisks represents the strength of support and resistance levels.
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