EUR/JPY intraday: the downside prevails as long as 159.69 is resistance
Our pivot point is at 159.69.
Our preference: the downside prevails as long as 159.69 is resistance.
Alternative scenario: the upside breakout of 159.69, would call for 160.16 and 160.44.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 159.67 and 159.49).
Supports and resistances:
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