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EUR/JPY intraday: the downside prevails as long as 164.23 is resistance
2024-04-16
934
Our pivot point stands at 164.23.
Our preference: the downside prevails as long as 164.23 is resistance.
Alternative scenario: above 164.23, look for 164.70 and 164.97.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 163.98 and 163.83).
Supports and resistances:
164.97 **
164.70 *
164.23 **
164.04
163.80 last
163.23
162.95 **
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