EUR/JPY intraday: our next up target stands at 160.73
Our pivot point is at 159.27.
Our preference: our next up target stands at 160.73.
Alternative scenario: below 159.27, expect 158.75 and 158.44.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 159.55 and 159.68).
Supports and resistances:
161.35 **
161.04 *
160.73 **
160.42
159.79 last
159.48
159.27 **
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