EUR/JPY intraday : as long as 163.69 is support look for 165.66

Our pivot point is at 163.69.

Our preference: as long as 163.69 is support look for 165.66

Alternative scenario: below 163.69, expect 162.96 and 162.53.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 164.29 and 163.83).

Supports and resistances:

166.53 **

166.10 *

165.66 **

165.23

164.30 last

163.97

163.69 **