Chf/jpy

CHF/JPY intraday: the downside prevails as long as 109.47 is resistance
Our pivot point is at 109.47.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 109.29 and 109.34).
Alternative scenario:
above 109.47, look for 109.78 and 109.97.
Our preference:
the downside prevails as long as 109.47 is resistance.