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EUR/JPY intraday: as long as 164.41 is support look for 165.73
2024-04-22
858
Our pivot point is at 164.41.
Our preference: as long as 164.41 is support look for 165.73.
Alternative scenario: the downside breakout of 164.41 would call for 163.95 and 163.67.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (164.90) but above its 50 period moving average (164.78).
Supports and resistances:
166.28 **
166.01 *
165.73 **
165.46
164.87 last
164.59
164.41 **
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