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EUR/JPY intraday: rebound
2023-10-04
805
Our pivot point stands at 155.83.
Our preference: rebound.
Alternative scenario: below 155.83, expect 155.40 and 155.14.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (156.16) but below its 50 period moving average (156.30).
Supports and resistances:
157.61 **
157.35 *
157.09 **
156.83
156.18 last
156.00
155.83 **
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