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EUR/JPY intraday: rebound

2023-10-25
611

Our pivot point is at 158.48.

Our preference: rebound.

Alternative scenario: below 158.48, expect 158.01 and 157.73.

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 trigger further gains. Moreover, the price stands above its 20 period moving average (158.76) but below its 50 period moving average (159.05).

Supports and resistances:

160.25 **

159.97 *

159.69 **

159.41

158.85 last

158.66

158.48 **

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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