EUR/JPY intraday: as long as 162.83 is support look for 164.04
Our pivot point stands at 162.83.
Our preference: as long as 162.83 is support look for 164.04.
Alternative scenario: the downside breakout of 162.83 would call for 162.37 and 162.10.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 163.14 and 162.96).
Supports and resistances:
164.59 **
164.31 *
164.04 **
163.77
163.21 last
163.01
162.83 **
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