EUR/JPY intraday: rebound towards 124.59

EUR/JPY intraday: rebound towards 124.59
Our pivot point is at 123.36.

Most likely scenario: rebound towards 124.59.

Alternative scenario: below 123.36, expect 122.91 and 122.64.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 123.83 and 124.04).

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