AUD/JPY Intraday: the upside prevails as long as 104.34 is support
Jun 18, 2024 10:28
AUD/JPY (AUD/JPY)
+0.752+0.71%
the upside prevails as long as 104.34 is support.
Our pivot point is at 104.34.
Our preference: the upside prevails as long as 104.34 is support.
Alternative scenario: below 104.34, expect 103.94 and 103.70.
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 above its 20 and 50 period moving average (respectively at 104.44 and 104.30).
Supports and resistances:
105.87 **
105.63 *
105.39 **
105.15
104.67 last
104.50
104.34 **
103.94 *
103.70 **
Our preference: the upside prevails as long as 104.34 is support.
Alternative scenario: below 104.34, expect 103.94 and 103.70.
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 above its 20 and 50 period moving average (respectively at 104.44 and 104.30).
Supports and resistances:
105.87 **
105.63 *
105.39 **
105.15
104.67 last
104.50
104.34 **
103.94 *
103.70 **
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