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EUR/JPY intraday: as long as 161.76 is support look for 163.04
2024-02-20
1129
Our pivot point is at 161.76.
Our preference: as long as 161.76 is support look for 163.04.
Alternative scenario: below 161.76, expect 161.29 and 161.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 162.16 and 162.01).
Supports and resistances:
163.60 **
163.32 *
163.04 **
162.75
162.17 last
161.94
161.76 **
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