Our pivot point is at 165.30.
Our preference: Under pressure below 165.30, with 155.71 and 154.57 as targets
Alternative scenario: above 165.30, look for 167.29 and 168.47.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. The price stands below its 20 and 50 period moving average (respectively at 162.57 and 161.38). The USD/JPY is trading below its lower Bollinger band (standing at 160.73).
Supports and resistances:
168.47 **
167.29 *
165.30 **
160.18 last
155.71
154.57 **
153.43 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-31-2026 at 10:36 UTC+1
Price reference: 160.18 last known on 07-31-2026 at 10:36 UTC+1
Investment horizon: ST
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