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EUR/JPY intraday: the downside prevails as long as 156.39 is resistance
2023-10-03
710
Our pivot point is at 156.39.
Our preference: the downside prevails as long as 156.39 is resistance.
Alternative scenario: the upside breakout of 156.39, would call for 156.82 and 157.08.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 156.65 and 156.83).
Supports and resistances:
157.08 **
156.82 *
156.39 **
156.22
156.03 last
155.49
155.23 **
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