EUR/JPY intraday: the upside prevails as long as 157.84 is support
Our pivot point stands at 157.84.
Our preference: the upside prevails as long as 157.84 is support.
Alternative scenario: below 157.84, expect 157.37 and 157.10.
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 157.88 and 157.66).
Supports and resistances:
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