AUD/JPY Intraday: above its upper Bollinger band

Jul 11, 2024 02:30
the upside prevails as long as 108.94 is support.
Our pivot point stands at 108.94.

Our preference: the upside prevails as long as 108.94 is support.

Alternative scenario: below 108.94, expect 108.63 and 108.44.

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 price is trading above both its 20 and 50 period moving average (respectively at 109.09 and 108.98). Finally, the AUD/JPY has crossed above its upper Bollinger band (109.20).

Supports and resistances:
110.22 **
110.04 *
109.85 **
109.24 last
108.94 **
108.63 *
108.44 **

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