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EUR/JPY intraday: rebound
2024-02-26
430
Our pivot point is at 162.38.
Our preference: rebound.
Alternative scenario: below 162.38, expect 161.91 and 161.62.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (162.83) but under its 50 period moving average (162.92).
Supports and resistances:
164.33 **
164.04 *
163.76 **
163.48
162.89 last
162.57
162.38 **
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