AUD/JPY Intraday: as long as 99.97 is support look for 101.24
AUD/JPY (AUD/JPY)
+0.236+0.24%
as long as 99.97 is support look for 101.24.
Our pivot point stands at 99.97.
Our preference: as long as 99.97 is support look for 101.24.
Alternative scenario: the downside breakout of 99.97 would call for 99.48 and 99.19.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (100.38) but above its 50 period moving average (100.22).
Supports and resistances:
101.82 **
101.53 *
101.24 **
100.94
100.36 last
100.16
99.97 **
99.48 *
99.19 **
Our preference: as long as 99.97 is support look for 101.24.
Alternative scenario: the downside breakout of 99.97 would call for 99.48 and 99.19.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (100.38) but above its 50 period moving average (100.22).
Supports and resistances:
101.82 **
101.53 *
101.24 **
100.94
100.36 last
100.16
99.97 **
99.48 *
99.19 **
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