EUR/JPY may rise to 170.99 - 173.60
BY Trading Central
|noiembrie 5, 2024ST: the upside prevails as long as 161.96 is support
161.96 is our pivot point.
Our preference
The upside prevails as long as 161.96 is support.
Alternative scenario
The downside breakout of 161.96 would call for 157.59 and 154.99.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 163.43 and 161.50).
Supports and resistances
178.81 **
176.21 *
173.60 **
170.99
165.73 last
163.68
161.96 **
157.59 *
154.99 **
Number of asterisks represents the strength of support and resistance levels.
© 2024 Trading Central. All Rights Reserved. The information contained herein: (1) is proprietary to Trading Central and/or its content providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely; and, (4) does not constitute advice or a recommendation by TIO Markets Ltd, Trading Central or its content providers in respect of the investment in financial instruments. Neither TIO Markets Ltd nor Trading Central nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Pricing, historical chart data and fundamental company data are provided by Morningstar Research Inc.
Technical Event® is a registered trademark of Trading Central.
Trading Central products and services are protected under U.S. Patent Nos.: 6,801,201; 7,469,226; 7,469,238; 7,835,966; and 7,853,506; and corresponding foreign patents.
Join us on social media
Related Posts
undefined