EUR/JPY Intraday: the upside prevails as long as 159.67 is support
Feb 4, 2025 11:17 AM
the upside prevails as long as 159.67 is support.

Our pivot point is at 159.67.
Our preference:
the upside prevails as long as 159.67 is support.
Alternative scenario:
the downside breakout of 159.67 would call for 158.86 and 158.37.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 160.17 and 159.66).
Supports and resistances:
162.89 **
162.40 *
161.92 **
161.44
160.31 last
159.99
159.67 **
158.86 *
158.37 **
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