EUR/JPY intraday: as long as 163.54 is resistance look for 162.50
163.54 is our pivot point.
Our preference: as long as 163.54 is resistance look for 162.50.
Alternative scenario: the upside breakout of 163.54, would call for 163.93 and 164.15.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands above its 20 period moving average (163.17) but below its 50 period moving average (163.24).
Supports and resistances:
164.15 **
163.93 *
163.54 **
163.39
163.20 last
162.72
162.50 **
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