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Aud/jpy

Posted on the 11 November 2019 by Merks50

AUD/JPY intraday: the downside prevails as long as 74.94 is resistance
Our pivot point stands at 74.94.
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 74.82 and 74.90).
Alternative scenario:
the upside breakout of 74.94, would call for 75.16 and 75.30.
Our preference:
the downside prevails as long as 74.94 is resistance.