AUD/JPY Intraday: the downside prevails as long as 111.36 is resistance
AUD/JPY (AUD/JPY)
-0.144-0.13%
the downside prevails as long as 111.36 is resistance
Our pivot point is at 111.36.
Our preference: the downside prevails as long as 111.36 is resistance
Alternative scenario: above 111.36, look for 111.89 and 112.21.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 110.76 and 110.88).
Supports and resistances:
112.21 **
111.89 *
111.36 **
111.15
110.73 last
109.92
109.60 **
109.29 *
108.98 **
Our preference: the downside prevails as long as 111.36 is resistance
Alternative scenario: above 111.36, look for 111.89 and 112.21.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 110.76 and 110.88).
Supports and resistances:
112.21 **
111.89 *
111.36 **
111.15
110.73 last
109.92
109.60 **
109.29 *
108.98 **
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.
