EUR/JPY intraday: as long as 145.77 is support look for 147.66

Our pivot point stands at 145.77.

Our preference: as long as 145.77 is support look for 147.66.

Alternative scenario: the downside breakout of 145.77 would call for 145.05 and 144.62.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 146.28 and 146.14).

Supports and resistances:

148.51 **

148.08 *

147.66 **

147.23

146.35 last

146.05

145.77 **

145.05 *

144.62 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 04-12-2023 at 22:43 UTC+1

Price reference: 146.35 last known on 04-12-2023 at 22:43 UTC+1

Investment horizon: INTRADAY