Aud/jpy

AUD/JPY intraday: below its lower Bollinger band
Our pivot point stands at 72.45.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 72.39 and 72.25). Finally, the AUD/JPY has penetrated its lower Bollinger band (72.17).
Alternative scenario:
the upside breakout of 72.45, would call for 72.67 and 72.80.
Our preference:
under pressure below 72.45.