EUR/JPY intraday: the upside prevails as long as 157.47 is support
Our pivot point stands at 157.47.
Our preference: the upside prevails as long as 157.47 is support.
Alternative scenario: below 157.47, expect 157 and 156.73.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 157.73 and 157.61).
Supports and resistances:
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