USD/JPY intraday: the upside prevails as long as 1

USD/JPY intraday: the upside prevails as long as 105.04 is support

USDJPY

Trading Central 2021-02-24 05:00:05

Our pivot point stands at 105.04.

Our preference: the upside prevails as long as 105.04 is support.

Alternative scenario: below 105.04, expect 104.78 and 104.63.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 105.25 and 105.15).

Supports and resistances:

106.05 **

105.90 *

105.75 **

105.60

105.27 last

105.14

105.04 **

Disclaimer

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