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Analysis

EUR/JPY may fall to 151.79 - 154.35

BY Trading Central

|ธันวาคม 10, 2567

ST: the downside prevails as long as 163.26 is resistance

 ST: 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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