AUD/JPY Intraday: above its upper Bollinger band

Jul 11, 2024 02:30
AUD/JPY (AUD/JPY)
+0.162+0.15%
the upside prevails as long as 108.94 is support.
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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 **
109.67
109.24 last
109.06
108.94 **
108.63 *
108.44 **

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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