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Chf/jpy

Posted on the 09 October 2019 by Merks50

CHF/JPY intraday: the upside prevails as long as 107.63 is support
Our pivot point stands at 107.63.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 107.83 and 107.85).
Alternative scenario:
the downside breakout of 107.63 would call for 107.32 and 107.13.
Our preference:
the upside prevails as long as 107.63 is support.