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EUR/JPY intraday: the upside prevails as long as 159.11 is support

2023-10-23
1044

Our pivot point stands at 159.11.

Our preference: the upside prevails as long as 159.11 is support.

Alternative scenario: below 159.11, expect 158.64 and 158.37.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 159.31 and 158.94).

Supports and resistances:

160.90 **

160.62 *

160.35 **

160.07

159.50 last

159.29

159.11 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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