EUR/JPY intraday: the upside prevails as long as 158.41 is support
Our pivot point stands at 158.41.
Our preference: the upside prevails as long as 158.41 is support.
Alternative scenario: the downside breakout of 158.41 would call for 157.95 and 157.68.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 158.70 and 158.70).
Supports and resistances:
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