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EUR/JPY intraday: the upside prevails as long as 163.84 is support
2024-04-16
719
Our pivot point is at 163.84.
Our preference: the upside prevails as long as 163.84 is support.
Alternative scenario: below 163.84, expect 163.38 and 163.10.
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 above its 20 and 50 period moving average (respectively at 163.93 and 163.95).
Supports and resistances:
165.67 **
165.39 *
165.12 **
164.85
164.23 last
164.02
163.84 **
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