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EUR/JPY intraday: rebound towards 164.55
2024-04-05
993
Our pivot point is at 163.32.
Our preference: rebound towards 164.55.
Alternative scenario: the downside breakout of 163.32 would call for 162.86 and 162.59.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 163.79 and 164.30).
Supports and resistances:
165.09 **
164.82 *
164.55 **
164.27
163.71 last
163.50
163.32 **
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