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EUR/JPY intraday: as long as 159.29 is support look for 160.57
2023-10-24
961
Our pivot point is at 159.29.
Our preference: as long as 159.29 is support look for 160.57.
Alternative scenario: below 159.29, expect 158.83 and 158.55.
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 above its 20 and 50 period moving average (respectively at 159.49 and 159.04).
Supports and resistances:
161.12 **
160.84 *
160.57 **
160.29
159.72 last
159.47
159.29 **
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