EUR/JPY intraday: the downside prevails as long as 157.77 is resistance
157.77 is our pivot point.
Our preference: the downside prevails as long as 157.77 is resistance.
Alternative scenario: the upside breakout of 157.77, would call for 158.24 and 158.51.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 157.54 and 157.45).
Supports and resistances:
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