EUR/JPY intraday: the upside prevails as long as 161.52 is support
Our pivot point is at 161.52.
Our preference: the upside prevails as long as 161.52 is support.
Alternative scenario: the downside breakout of 161.52 would call for 161.11 and 160.86.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 161.73 and 161.66).
Supports and resistances:
163.13 **
162.89 *
162.64 **
162.39
161.87 last
161.69
161.52 **
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