CHF/JPY intraday: as long as 109.82 is support look for 110.69
Our pivot point is at 109.82.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 110.09 and 110.05).
Alternative scenario:
below 109.82, expect 109.51 and 109.32.
Our preference:
as long as 109.82 is support look for 110.69.
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