EUR/JPY intraday: rebound
Our pivot point stands at 157.75.
Our preference: rebound.
Alternative scenario: below 157.75, expect 157.28 and 157.01.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (158.07) but below its 50 period moving average (158.17).
Supports and resistances:
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