EUR/JPY intraday: as long as 160.42 is support look for 161.84
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160.42 is our pivot point.
Our preference: as long as 160.42 is support look for 161.84.
Alternative scenario: below 160.42, expect 159.89 and 159.57.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (160.88) but above its 50 period moving average (160.84).
Supports and resistances:
162.48 **
162.16 *
161.84 **
161.52
160.87 last
160.63
160.42 **
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