EUR/JPY Intraday: rebound towards 163.90

Apr 12, 2024 19:47
rebound towards 163.90.
162.61 is our pivot point.

Our preference: rebound towards 163.90.

Alternative scenario: below 162.61, expect 162.14 and 161.86.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (162.95) but below its 50 period moving average (163.64).

Supports and resistances:
164.45 **
164.17 *
163.90 **
163.05 last
162.61 **
162.14 *
161.86 **

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