CHF/JPY intraday: the downside prevails as long as 108.67 is resistance
Our pivot point stands at 108.67.
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 stands below its 20 and 50 MAs (respectively at 108.58 and 108.63).
Alternative scenario:
the upside breakout of 108.67, would call for 108.99 and 109.17.
Our preference:
the downside prevails as long as 108.67 is resistance.
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