AUD/JPY Intraday: Pivot threshold in sight

AUD/JPY (AUD/JPY)
+0.208+0.19%
The downside prevails as long as 110.32 is resistance, with 109.58 and 109.39 as targets
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Our pivot point is at 110.32.

Our preference: The downside prevails as long as 110.32 is resistance, with 109.58 and 109.39 as targets

Alternative scenario: above 110.32, look for 110.64 and 110.84.

Comment: The asset is now hovering dangerously close to our pivot, representing a pivotal moment that could be among the last opportunities for a trend reversal.

Supports and resistances:
110.84 **
110.64 *
110.32 **
110.15 last
109.58
109.39 **
109.19 *

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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