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EUR/JPY intraday: the downside prevails as long as 160.11 is resistance
2024-01-11
1061
Our pivot point is at 160.11.
Our preference: the downside prevails as long as 160.11 is resistance.
Alternative scenario: above 160.11, look for 160.81 and 161.23.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 159.75 and 159.72).
Supports and resistances:
161.23 **
160.81 *
160.11 **
159.83
159.51 last
158.56
158.14 **
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