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EUR/JPY ST: the upside prevails as long as 161.51 is support
2024-03-26
129
161.51 is our pivot point.
Our preference: the upside prevails as long as 161.51 is support.
Alternative scenario: the downside breakout of 161.51 would call for 158.38 and 156.53.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 162.74 and 161.72).
Supports and resistances:
173.55 **
171.69 *
169.83 **
167.96
164.11 last
162.73
161.51 **
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