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EUR/JPY intraday: the downside prevails as long as 156.58 is resistance
2023-10-05
528
Our pivot point is at 156.58.
Our preference: the downside prevails as long as 156.58 is resistance.
Alternative scenario: the upside breakout of 156.58, would call for 157.02 and 157.28.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 156.46 and 156.40).
Supports and resistances:
157.28 **
157.02 *
156.58 **
156.41
156.20 last
155.66
155.40 **
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