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EUR/JPY intraday: as long as 161.54 is support look for 162.70
2024-03-08
457
Our pivot point stands at 161.54.
Our preference: as long as 161.54 is support look for 162.70.
Alternative scenario: below 161.54, expect 161.14 and 160.91.
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 161.93 and 161.76).
Supports and resistances:
163.18 **
162.94 *
162.70 **
162.47
161.98 last
161.70
161.54 **
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