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Chf/jpy

Posted on the 11 September 2019 by Merks50
CHF/JPY intraday: the downside prevails as long as 108.71 is resistance
Our pivot point stands at 108.71.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 108.54 and 108.45).
Alternative scenario:
above 108.71, look for 109.02 and 109.21.
Our preference:
the downside prevails as long as 108.71 is resistance.

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