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EUR/JPY intraday: as long as 162.32 is support look for 163.47
2024-03-04
236
162.32 is our pivot point.
Our preference: as long as 162.32 is support look for 163.47.
Alternative scenario: below 162.32, expect 161.94 and 161.71.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 162.72 and 162.64).
Supports and resistances:
163.92 **
163.69 *
163.47 **
163.24
162.77 last
162.47
162.32 **
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