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analysing Tomorrow's  for EUR/JPY on Tuesday 

to Nov. 4, 2019




EUR/JPY intraday: target 120.21
Our pivot point is at 121.30.

Our preference: target 120.21.

Alternative scenario: the upside breakout of 121.30, would call for 121.69 and 121.93.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is below its 20 MA (121.00) but above its 50 MA (120.93).

Supports and resistances:
121.93 **
121.69 *
121.30 **
121.14
120.96 last
120.44
120.21 **
119.98 *
119.74 **

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