Our pivot point is at 185.64.
Our preference: The downside prevails as long as 185.64 is resistance, with 185.01 and 184.89 as targets
Alternative scenario: above 185.64, look for 185.85 and 185.98.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 185.64 and 185.60). The EUR/JPY is trading below its lower Bollinger band (standing at 185.44).
Supports and resistances:
185.98 **
185.85 *
185.64 **
185.34 last
185.01
184.89 **
184.76 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-02-2026 at 07:01 UTC+1
Price reference: 185.34 last known on 09-02-2026 at 07:01 UTC+1
Investment horizon: INTRADAY
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