Our pivot point is at 163.14.
Our preference: target 161.11
Alternative scenario: above 163.14, look for 163.86 and 164.28.
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. Moreover, the price is below its 20 period moving average (162.77) but above its 50 period moving average (162.47). Finally, the EUR/JPY is trading below its lower Bollinger band (standing at 162.56).
Supports and resistances:
164.28 **
163.86 *
163.14 **
162.85
162.49 last
161.54
161.11 **
160.68 *
160.25 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-07-2025 at 20:54 UTC+1
Price reference: 162.49 last known on 05-07-2025 at 20:54 UTC+1
Investment horizon: INTRADAY
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