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Aud/jpy

Posted on the 11 September 2019 by Merks50
AUD/JPY intraday: as long as 73.77 is support look for 74.39
Our pivot point stands at 73.77.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 73.96 and 73.80).
Alternative scenario:
the downside breakout of 73.77 would call for 73.54 and 73.41.
Our preference:
as long as 73.77 is support look for 74.39.

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