EUR/JPY intraday: our next up target stands at 159.50
Our pivot point stands at 158.24.
Our preference: our next up target stands at 159.50.
Alternative scenario: the downside breakout of 158.24 would call for 157.77 and 157.49.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 158.60 and 158.64).
Supports and resistances:
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