EUR/JPY intraday: the upside prevails as long as 156.97 is support
Our pivot point is at 156.97.
Our preference: the upside prevails as long as 156.97 is support.
Alternative scenario: the downside breakout of 156.97 would call for 156.33 and 155.95.
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 above its 20 and 50 period moving average (respectively at 157.42 and 157.31).
Supports and resistances:
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