AUD/JPY may rise 31 - 45 pips
Our pivot point stands at 97.67.
Our preference
The upside prevails as long as 97.67 is support.
Alternative scenario
The downside breakout of 97.67 would call for 97.43 and 97.29.
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 97.84 and 97.83).
Supports and resistances
98.65 **
98.50 *
98.36 **
98.22
97.91 last
97.77
97.67 **
97.43 *
97.29 **
Number of asterisks represents the strength of support and resistance levels.
Our preference
The upside prevails as long as 97.67 is support.
Alternative scenario
The downside breakout of 97.67 would call for 97.43 and 97.29.
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 97.84 and 97.83).
Supports and resistances
98.65 **
98.50 *
98.36 **
98.22
97.91 last
97.77
97.67 **
97.43 *
97.29 **
Number of asterisks represents the strength of support and resistance levels.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.