Aud/jpy

Posted on the 11 October 2019 by Merks50
AUD/JPY intraday: the upside prevails as long as 73.03 is support
Our pivot point is at 73.03.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 73.03 and 72.84).
Alternative scenario:
below 73.03, expect 72.81 and 72.68.
Our preference:
the upside prevails as long as 73.03 is support.

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