EUR/JPY intraday: as long as 177.44 is support look for 179.28

Our pivot point is at 177.44.

Our preference: as long as 177.44 is support look for 179.28.

Alternative scenario: the downside breakout of 177.44 would call for 176.77 and 176.37.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 178 and 177.91).

Supports and resistances:

180.09 **

179.68 *

179.28 **

178.88

178.02 last

177.71

177.44 **