USD/JPY intraday: rebound towards 105.48

USDJPY

Trading Central 2021-02-23 05:07:18

104.88 is our pivot point.

Our preference: rebound towards 105.48.

Alternative scenario: below 104.88, expect 104.65 and 104.52.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 105.18 and 105.44).

Supports and resistances:

105.74 **

105.61 *

105.48 **

105.35

105.08 last

104.96

104.88 **

Disclaimer

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