AUD/JPY intraday: as long as 97.24 is support look for 97.98
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Our pivot point is at 97.24.
Our preference: as long as 97.24 is support look for 97.98.
Alternative scenario: the downside breakout of 97.24 would call for 96.97 and 96.81.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (97.53) but above its 50 period moving average (97.37).
Supports and resistances:
98.30 **
98.14 *
97.98 **
97.82
97.49 last
97.34
97.24 **
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