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EUR/JPY ST: the upside prevails as long as 156.46 is support
2023-10-24
575
Our pivot point stands at 156.46.
Our preference: the upside prevails as long as 156.46 is support.
Alternative scenario: below 156.46, expect 153.21 and 151.28.
Comment: the RSI is above 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 157.74 and 157.92).
Supports and resistances:
169.63 **
167.69 *
165.75 **
163.80
159.26 last
157.73
156.46 **
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