Aud/jpy

AUD/JPY intraday: look for a drop towards 72.75 before a bounce
Our pivot point stands at 72.75.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 72.96 and 72.93).
Alternative scenario:
the downside breakout of 72.75 would call for 72.53 and 72.40.
Our preference:
look for a drop towards 72.75 before a bounce.