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EUR/JPY intraday: the upside prevails as long as 164.56 is support
2024-04-22
209
Our pivot point stands at 164.56.
Our preference: the upside prevails as long as 164.56 is support.
Alternative scenario: below 164.56, expect 164.10 and 163.82.
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 trading above both its 20 and 50 period moving average (respectively at 164.80 and 164.59).
Supports and resistances:
166.32 **
166.04 *
165.77 **
165.49
164.93 last
164.74
164.56 **
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