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Aud/jpy

Posted on the 10 September 2019 by Merks50

AUD/JPY intraday: as long as 73.44 is support look for 74.04
Our pivot point stands at 73.44.
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 MA (73.64) but above its 50 MA (73.60).
Alternative scenario:
below 73.44, expect 73.22 and 73.08.
Our preference:
as long as 73.44 is support look for 74.04.