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EUR/JPY intraday: rebound
2024-01-15
1040
158.33 is our pivot point.
Our preference: rebound.
Alternative scenario: the downside breakout of 158.33 would call for 157.62 and 157.21.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (158.79) but under its 50 period moving average (158.96).
Supports and resistances:
161.05 **
160.63 *
160.21 **
159.79
158.92 last
158.60
158.33 **
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