Chf/jpy

CHF/JPY

CHF/JPY intraday: rebound
Our pivot point stands at 109.29.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the pair is trading above its 20 MA (109.51) but under its 50 MA (109.65).
Alternative scenario:
the downside breakout of 109.29 would call for 108.97 and 108.79.
Our preference:
rebound.