EUR/JPY intraday : the upside prevails as long as 160.83 is support

Our pivot point is at 160.83.

Our preference: the upside prevails as long as 160.83 is support

Alternative scenario: below 160.83, expect 160.12 and 159.69.

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 160.97 and 160.53).

Supports and resistances:

163.69 **

163.27 *

162.84 **

162.41

161.56 last

161.11

160.83 **