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Aud/jpy

Posted on the 18 October 2019 by Merks50
AUD/JPY intraday: as long as 73.94 is support look for 74.58
73.94 is our pivot point.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is below its 20 MA (74.16) but above its 50 MA (74.08).
Alternative scenario:
the downside breakout of 73.94 would call for 73.72 and 73.59.
Our preference:
as long as 73.94 is support look for 74.58.

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