AUD/JPY intraday: above its upper Bollinger band
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Our pivot point is at 107.41.
Our preference: rebound towards 108.24.
Alternative scenario: the downside breakout of 107.41 would call for 107.10 and 106.92.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (107.41) but below its 50 period moving average (108.41). Finally, the AUD/JPY is trading above its upper Bollinger band (standing at 107.67).
Supports and resistances:
108.60 **
108.42 *
108.24 **
108.05
107.67 last
107.53
107.41 **
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