CHF/JPY intraday: above its upper Bollinger band
Our pivot point stands at 108.11.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 108.25 and 108.15). Finally, the CHF/JPY is trading above its upper Bollinger band (standing at 108.36).
Alternative scenario:
below 108.11, expect 107.80 and 107.61.
Our preference:
the upside prevails as long as 108.11 is support.
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