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EUR/JPY intraday: the upside prevails as long as 161.63 is support
2024-03-07
951
161.63 is our pivot point.
Our preference: the upside prevails as long as 161.63 is support.
Alternative scenario: below 161.63, expect 161.23 and 160.99.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 161.41 and 161.92).
Supports and resistances:
163.19 **
162.95 *
162.72 **
162.48
161.95 last
161.79
161.63 **
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