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EUR/JPY intraday: as long as 166.55 is support look for 167.71
2024-04-26
1010
Our pivot point stands at 166.55.
Our preference: as long as 166.55 is support look for 167.71.
Alternative scenario: below 166.55, expect 166.13 and 165.88.
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 price is trading above both its 20 and 50 period moving average (respectively at 166.80 and 166.66).
Supports and resistances:
168.21 **
167.96 *
167.71 **
167.46
166.91 last
166.71
166.55 **
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