CHF/JPY intraday: as long as 108.15 is support look for 109.01
Our pivot point stands at 108.15.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 108.39 and 108.31).
Alternative scenario:
the downside breakout of 108.15 would call for 107.84 and 107.65.
Our preference:
as long as 108.15 is support look for 109.01.
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