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EUR/JPY intraday: the downside prevails as long as 163.27 is resistance

2024-04-01
1002

Our pivot point stands at 163.27.

Our preference: the downside prevails as long as 163.27 is resistance.

Alternative scenario: the upside breakout of 163.27, would call for 163.71 and 163.98.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 163.02 and 163.17).

Supports and resistances:

163.98 **

163.71 *

163.27 **

163.09

162.90 last

162.35

162.09 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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