Aud/jpy

AUD/JPY intraday: the downside prevails as long as 72.30 is resistance
72.30 is our pivot point.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 72.17 and 72.22).
Alternative scenario:
the upside breakout of 72.30, would call for 72.52 and 72.65.
Our preference:
the downside prevails as long as 72.30 is resistance.