AUD/JPY Intraday: the downside prevails as long as 101.14 is resistance
AUD/JPY (AUD/JPY)
-0.111-0.11%
the downside prevails as long as 101.14 is resistance.
Our pivot point stands at 101.14.
Our preference: the downside prevails as long as 101.14 is resistance.
Alternative scenario: above 101.14, look for 101.61 and 101.88.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 100.99 and 100.83).
Supports and resistances:
101.88 **
101.61 *
101.14 **
100.96
100.76 last
100.13
99.86 **
99.58 *
99.30 **
Our preference: the downside prevails as long as 101.14 is resistance.
Alternative scenario: above 101.14, look for 101.61 and 101.88.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 100.99 and 100.83).
Supports and resistances:
101.88 **
101.61 *
101.14 **
100.96
100.76 last
100.13
99.86 **
99.58 *
99.30 **
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