EUR/JPY ST: the upside prevails as long as 160.95 is support
Our pivot point stands at 160.95.
Our preference: the upside prevails as long as 160.95 is support.
Alternative scenario: below 160.95, expect 158.31 and 156.74.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 161.21 and 159.65).
Supports and resistances:
171.25 **
169.68 *
168.10 **
166.53
163.04 last
161.98
160.95 **
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