EUR/JPY intraday: the downside prevails as long as 162.30 is resistance
Our pivot point stands at 162.30.
Our preference: the downside prevails as long as 162.30 is resistance.
Alternative scenario: above 162.30, look for 162.68 and 162.90.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 162.25 and 162.56).
Supports and resistances:
162.90 **
162.68 *
162.30 **
162.15
161.99 last
161.53
161.30 **
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