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AUD/JPY intraday: technical rebound towards 108.10 before a new drop
2024-07-12
365
Our pivot point stands at 108.10.
Our preference: technical rebound towards 108.10 before a new drop.
Alternative scenario: the upside breakout of 108.10, would call for 108.41 and 108.59.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (107.62) but under its 50 period moving average (107.81).
Supports and resistances:
108.59 **
108.41 *
108.10 **
107.98
107.80 last
107.38
107.20 **
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