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Aud/jpy

Posted on the 03 October 2019 by Merks50
AUD/JPY intraday: as long as 72.14 is resistance look for 71.51
Our pivot point stands at 72.14.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 71.90 and 71.92).
Alternative scenario:
above 72.14, look for 72.36 and 72.48.
Our preference:
as long as 72.14 is resistance look for 71.51.

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