SignalsUncategorized

EUR/JPY intraday: rebound(26.9.2019)

Our preference: rebound.

Alternative scenario: below 117.67, expect 117.29 and 117.06.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair is trading above its 20 MA (117.96) but under its 50 MA (118.01).

Supports and resistances:
119.15 **
118.92 *
118.69 **
118.47
117.98 last
117.82
117.67 **
117.29 *
117.06 **

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