EUR/JPY intraday: the downside prevails as long as 172.49 is resistance
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Our pivot point is at 172.49.
Our preference: the downside prevails as long as 172.49 is resistance.
Alternative scenario: above 172.49, look for 172.90 and 173.14.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 172.28 and 172.21).
Supports and resistances:
173.14 **
172.90 *
172.49 **
172.33
172.07 last
171.54
171.30 **
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