AUD/JPY Intraday: under pressure below 102.79
AUD/JPY (AUD/JPY)
-0.265-0.26%
under pressure below 102.79
Our pivot point is at 102.79.
Our preference: under pressure below 102.79
Alternative scenario: above 102.79, look for 103.16 and 103.38.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 102.62 and 102.49).
Supports and resistances:
103.38 **
103.16 *
102.79 **
102.64
102.45 last
101.98
101.76 **
101.54 *
101.31 **
Our preference: under pressure below 102.79
Alternative scenario: above 102.79, look for 103.16 and 103.38.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 102.62 and 102.49).
Supports and resistances:
103.38 **
103.16 *
102.79 **
102.64
102.45 last
101.98
101.76 **
101.54 *
101.31 **
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