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EUR/JPY Intraday: the upside prevails as long as 159.71 is support

Feb 4, 2025 11:00 AM
the upside prevails as long as 159.71 is support.
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Our pivot point stands at 159.71.
Our preference:
the upside prevails as long as 159.71 is support.
Alternative scenario:
below 159.71, expect 158.90 and 158.41.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 160.16 and 159.63).
Supports and resistances:
162.89 **
162.40 *
161.92 **
161.44
160.46 last
160.03
159.71 **
158.90 *
158.41 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.

Related Instruments

EUR/JPY
161.002
0.688
+0.43%
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