Chf/jpy

CHF/JPY intraday: below its lower Bollinger band
Our pivot point stands at 109.11.
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 is trading under both its 20 and 50 MAs (respectively at 108.91 and 108.87). Finally, the CHF/JPY is trading below its lower Bollinger band (standing at 108.83).
Alternative scenario:
above 109.11, look for 109.42 and 109.61.
Our preference:
the downside prevails as long as 109.11 is resistance.