EUR/JPY intraday: the upside prevails as long as 171.89 is support
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Our pivot point is at 171.89.
Our preference: the upside prevails as long as 171.89 is support.
Alternative scenario: below 171.89, expect 171.48 and 171.24.
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 above its 20 and 50 period moving average (respectively at 172.21 and 172.21).
Supports and resistances:
173.50 **
173.26 *
173.01 **
172.77
172.24 last
172.06
171.89 **
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