Chf/jpy

CHF/JPY intraday: the upside prevails as long as 108.50 is support
Our pivot point is at 108.50.
Comment:
the RSI is above 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 108.67 and 108.62).
Alternative scenario:
the downside breakout of 108.50 would call for 108.19 and 108.
Our preference:
the upside prevails as long as 108.50 is support.