EUR/JPY may rise to 169.19 - 172.26
BY Trading Central
|October 22, 2024ST: the upside prevails as long as 158.78 is support
Our pivot point is at 158.78.
Our preference
The upside prevails as long as 158.78 is support.
Alternative scenario
Below 158.78, expect 153.64 and 150.59.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 161.56 and 160.95).
Supports and resistances
178.38 **
175.32 *
172.26 **
169.19
163.01 last
160.80
158.78 **
153.64 *
150.59 **
Number of asterisks represents the strength of support and resistance levels.
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