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EUR/JPY intraday: as long as 159.68 is support look for 161.10
2023-10-31
661
Our pivot point is at 159.68.
Our preference: as long as 159.68 is support look for 161.10.
Alternative scenario: the downside breakout of 159.68 would call for 159.17 and 158.87.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (160.30) but above its 50 period moving average (159.27).
Supports and resistances:
161.70 **
161.40 *
161.10 **
160.80
160.18 last
159.88
159.68 **
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