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EUR/JPY intraday: as long as 159.80 is support look for 161.15
2023-10-31
883
159.80 is our pivot point.
Our preference: as long as 159.80 is support look for 161.15.
Alternative scenario: the downside breakout of 159.80 would call for 159.29 and 158.99.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (160.32) but above its 50 period moving average (159.32).
Supports and resistances:
161.75 **
161.45 *
161.15 **
160.85
160.22 last
160.00
159.80 **
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