AUD/JPY Intraday: rebound towards 99.51

Apr 12, 2024 19:47
rebound towards 99.51.
98.70 is our pivot point.

Our preference: rebound towards 99.51.

Alternative scenario: the downside breakout of 98.70 would call for 98.41 and 98.24.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 99.11 and 99.67).

Supports and resistances:
99.85 **
99.68 *
99.51 **
98.98 last
98.70 **
98.41 *
98.24 **

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