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EUR/JPY intraday: as long as 169.77 is support look for 171.45
2024-05-24
234
169.77 is our pivot point.
Our preference: as long as 169.77 is support look for 171.45.
Alternative scenario: the downside breakout of 169.77 would call for 169.12 and 168.73.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 170.21 and 169.93).
Supports and resistances:
172.23 **
171.84 *
171.45 **
171.06
170.29 last
170.02
169.77 **
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