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EUR/JPY intraday: as long as 156.18 is support look for 157.35
2023-10-05
664
Our pivot point is at 156.18.
Our preference: as long as 156.18 is support look for 157.35.
Alternative scenario: below 156.18, expect 155.74 and 155.48.
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 below its 20 period moving average (156.55) but above its 50 period moving average (156.36).
Supports and resistances:
157.86 **
157.60 *
157.35 **
157.09
156.55 last
156.35
156.18 **
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