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EUR/JPY intraday: rebound towards 159.40
2023-10-25
1101
158.18 is our pivot point.
Our preference: rebound towards 159.40.
Alternative scenario: the downside breakout of 158.18 would call for 157.71 and 157.43.
Comment: the RSI is below its neutrality area at 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 158.57 and 158.68).
Supports and resistances:
159.95 **
159.68 *
159.40 **
159.12
158.55 last
158.36
158.18 **
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