CHF/JPY intraday: the upside prevails as long as 108.55 is support
Our pivot point stands at 108.55.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 108.77 and 108.74).
Alternative scenario:
below 108.55, expect 108.24 and 108.05.
Our preference:
the upside prevails as long as 108.55 is support.
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