EUR/JPY intraday: as long as 124.50 is support look for 125.16

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    Kiaria Yoshida
    Keymaster

    124.50 is our pivot point.

    Our preference, as long as 124.50 is support look for 125.16. Alternative scenario is below 124.50, expect 124.29 and 124.17.

    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 MA (124.73) but above its 50 MA (124.67).

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