Chf/jpy

CHF/JPY intraday: as long as 109.74 is support look for 110.59
Our pivot point is at 109.74.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 109.96 and 109.88).
Alternative scenario:
the downside breakout of 109.74 would call for 109.43 and 109.24.
Our preference:
as long as 109.74 is support look for 110.59.