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Chf/jpy

Posted on the 10 October 2019 by Merks50

CHF/JPY intraday: the upside prevails as long as 107.78 is support
Our pivot point is at 107.78.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 107.97 and 107.95).
Alternative scenario:
below 107.78, expect 107.47 and 107.29.
Our preference:
the upside prevails as long as 107.78 is support.