EUR/JPY intraday: rebound towards 161.25
Our pivot point is at 159.54.
Our preference: rebound towards 161.25.
Alternative scenario: the downside breakout of 159.54 would call for 158.92 and 158.54.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 160.11 and 160.38).
Supports and resistances:
162.00 **
161.62 *
161.25 **
160.88
160.06 last
159.79
159.54 **
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