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EUR/JPY intraday: rebound towards 158.62
2023-10-19
190
Our pivot point is at 157.40.
Our preference: rebound towards 158.62.
Alternative scenario: below 157.40, expect 156.94 and 156.67.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 157.85 and 158.01).
Supports and resistances:
159.17 **
158.89 *
158.62 **
158.35
157.77 last
157.58
157.40 **
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