AUD/JPY Intraday: look for a drop towards 113.09 before a bounce
AUD/JPY (AUD/JPY)
+0.402+0.35%
look for a drop towards 113.09 before a bounce
Our pivot point is at 113.09.
Our preference: look for a drop towards 113.09 before a bounce
Alternative scenario: below 113.09, expect 112.77 and 112.58.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is above its 20 and 50 period moving average (respectively at 113.38 and 113.37).
Supports and resistances:
114.17 *
113.98 **
113.79
113.40 last
113.09 **
112.77 *
112.58 **
Our preference: look for a drop towards 113.09 before a bounce
Alternative scenario: below 113.09, expect 112.77 and 112.58.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is above its 20 and 50 period moving average (respectively at 113.38 and 113.37).
Supports and resistances:
114.17 *
113.98 **
113.79
113.40 last
113.09 **
112.77 *
112.58 **
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