CHF/JPY intraday: above its upper Bollinger band
Our pivot point stands at 109.85.
Comment:
the RSI is above its neutrality area at 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 109.98 and 109.93). Finally, the CHF/JPY is trading above its upper Bollinger band (standing at 110.12).
Alternative scenario:
below 109.85, expect 109.53 and 109.34.
Our preference:
the upside prevails as long as 109.85 is support.