Euro / Japanese YenShort
EURJPY Short
142.08 is our pivot point.
Our preference:
the downside prevails as long as 142.08 is resistance.
Alternative scenario:
above 142.08, look for 142.75 and 143.14.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 141.81 and 141.95).
Our preference:
the downside prevails as long as 142.08 is resistance.
Alternative scenario:
above 142.08, look for 142.75 and 143.14.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 141.81 and 141.95).
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