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USD/JPY intraday: the upside prevails as long as 151.19 is support
2024-03-26
432
Our pivot point is at 151.19.
Our preference: the upside prevails as long as 151.19 is support.
Alternative scenario: the downside breakout of 151.19 would call for 150.78 and 150.53.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 151.44 and 151.39).
Supports and resistances:
152.78 **
152.53 *
152.28 **
152.04
151.52 last
151.35
151.19 **
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